Retirement plan

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Name: UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN - UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN (2022) Form 5500
Creator: UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN, UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLAN

UFCW LOCAL 1776 & PARTICIPATING EMPLOYER RETIREMENT AND SAVINGS PLANEIN 23-2997353Plan #001PY 2022

3031 B WALTON ROAD - PLYMOUTH MEETING, PA 194622388610-941-9400

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$72.1M

-12.8% from 2021

Total participants

8,356

+20.7% from 2021

Average account balance

$8,634

-27.8% from 2021

Annual return

-14.92%

-32.87 pp from 2021

Benchmarks

See 66 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort66 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$99.45M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$10K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

10,026

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$35

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Service code 13 · EIN 06-1050034	Contract Administrator	$203,746
CBIZ RETIREMENT PLAN SERVICES3 years Service code 50 · EIN 31-1582098	Direct Payment	$25,000
HEALTHCARE STRATEGIES, INC7 years Service code 14 · EIN 23-2848954	Plan Administrator	$22,237
WILLIG, WILLIAMS & DAVIDSON8+ years Service code 29 · EIN 23-2416488	Legal	$22,000
RBC WEALTH MANAGEMENT8+ years Filed as: RBC WEALTH MGT, NWC 313-24576 Service code 16 · EIN 41-1416330	Consulting	$18,000
ALAN ROSS & COMPANY, PC7 years Filed as: ALAN ROSS AND COMPANY, PC Service code 10 · EIN 20-5367494	Accounting	$8,250

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$314K

$43 / participant

Investment mgmt$222K70.7%
Contract admin$22K7.1%
Other / not subdivided$70K22.3%

% of EOY assets

0.435%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALAN ROSS AND COMPANY PC
Auditor EIN: 205367494
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,634

$39,166-78.0%

$79,580-89.2%

$78,104-88.9%

Participation rate

100.0%

57.3%+42.7pp

69.5%+30.5pp

74.5%+25.5pp

Annual return

-14.92%

-9.39%-5.5pp

0.15%-15.1pp

10.90%-25.8pp

Employer contribution / active EE

$621

$1,019-39.1%

$2,413-74.3%

$3,128-80.2%

Participant deferral / active EE

$324

$2,079-84.4%

$3,985-91.9%

$5,089-93.6%

Admin fee / account holder

$38

$67-44.0%

$6,835-99.5%

$79-52.4%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$203,746

CBIZ RETIREMENT PLAN SERVICES3 years

Service code 50 · EIN 31-1582098

Direct Payment

$25,000

HEALTHCARE STRATEGIES, INC7 years

Service code 14 · EIN 23-2848954

Plan Administrator

$22,237

WILLIG, WILLIAMS & DAVIDSON8+ years

Service code 29 · EIN 23-2416488

Legal

$22,000

RBC WEALTH MANAGEMENT8+ years

Filed as: RBC WEALTH MGT, NWC 313-24576

Service code 16 · EIN 41-1416330

Consulting

$18,000

ALAN ROSS & COMPANY, PC7 years

Filed as: ALAN ROSS AND COMPANY, PC

Service code 10 · EIN 20-5367494

Accounting

$8,250

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL 1776 & PARTICIPATING EMPLOYERS RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion