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 (2023) 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 2023

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

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$87.5M

+21.2% from 2022

Total participants

9,097

+8.9% from 2022

Average account balance

$9,615

+11.4% from 2022

Annual return

17.20%

+32.12 pp from 2022

Benchmarks

See 67 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort67 peers

Snapshot2023

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
HEALTHCARE STRATEGIES, INC8 years Service code 14 · EIN 23-2848954	Plan Administrator	$25,966
CBIZ RETIREMENT PLAN SERVICES4 years Service code 50 · EIN 31-1582098	Direct Payment	$25,000
WILLIG, WILLIAMS & DAVIDSON9+ years Service code 29 · EIN 23-2416488	Legal	$22,016
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034	Contract Administrator	$20,126
RBC WEALTH MANAGEMENT9+ years Filed as: RBC WEALTH MGT, NWC 313-24576 Service code 16 · EIN 41-1416330	Consulting	$18,000
ALAN ROSS & COMPANY, PC8 years Filed as: ALAN ROSS AND COMPANY, PC Service code 10 · EIN 20-5367494	Accounting	$8,500

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

$135K

$17 / participant

Recordkeeping$25K18.5%
Investment mgmt$38K28.3%
Legal$22K16.3%
Contract admin$26K19.3%
Other / not subdivided$24K17.6%

% of EOY assets

0.154%

all-in expense ratio

Categories reported

4 / 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 & COMPANY. PC
Auditor EIN: 205367494
Audit fees: $8,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,615

$40,592-76.3%

$86,216-88.8%

$103,590-90.7%

Participation rate

100.0%

58.1%+41.9pp

69.0%+31.0pp

73.3%+26.7pp

Annual return

17.20%

18.32%-1.1pp

1169.42%-1152.2pp

33.13%-15.9pp

Employer contribution / active EE

$455

$974-53.3%

$2,382-80.9%

$3,213-85.8%

Participant deferral / active EE

$471

$2,072-77.3%

$3,986-88.2%

$5,214-91.0%

Admin fee / account holder

$15

$85-82.5%

$6,853-99.8%

$114-87.0%

Provider

Service type

Compensation

HEALTHCARE STRATEGIES, INC8 years

Service code 14 · EIN 23-2848954

Plan Administrator

$25,966

CBIZ RETIREMENT PLAN SERVICES4 years

Service code 50 · EIN 31-1582098

Direct Payment

$25,000

WILLIG, WILLIAMS & DAVIDSON9+ years

Service code 29 · EIN 23-2416488

Legal

$22,016

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

Contract Administrator

$20,126

RBC WEALTH MANAGEMENT9+ years

Filed as: RBC WEALTH MGT, NWC 313-24576

Service code 16 · EIN 41-1416330

Consulting

$18,000

ALAN ROSS & COMPANY, PC8 years

Filed as: ALAN ROSS AND COMPANY, PC

Service code 10 · EIN 20-5367494

Accounting

$8,500

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