Retirement plan

UFCW LOCAL 23 & GIANT EAGLE PENSION FUND

Name: BOARD OF TRUSTEES UFCW LOCAL 23 & GIANT EAGLE PENSION FUND - UFCW LOCAL 23 & GIANT EAGLE PENSION FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES UFCW LOCAL 23 & GIANT EAGLE PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL 23 & GIANT EAGLE PENSION FUND, BOARD OF TRUSTEES UFCW LOCAL 23 & GIANT EAGLE PENSION FUND

BOARD OF TRUSTEES UFCW LOCAL 23 & GIANT EAGLE PENSION FUNDEIN 25-6107185Plan #001PY 2017

6500 BROOKTREE ROAD, STE 205 - WEXFORD, PA 15090844-746-9676LinkedIn10001+ employeesfood & beverages

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$72.6M

+7.4% from 2016

Total participants

7,680

-0.5% from 2016

Average account balance

No prior year

Annual return

11.09%

+4.39 pp from 2016

Benchmarks

See 1,145 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort1,145 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$79.85M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

4,900

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
FRANK M. VACCARO & ASSOCIATES3+ years Service code 13 · EIN 23-2148108	Contract Administrator	$115,113
THE BANK OF NEW YORK MELLON3+ years Filed as: BNY MELLON Service code 28 · EIN 25-6078093	Investment Management	$79,544
HALLETT ASSOCIATES, INC.3+ years Service code 11 · EIN 25-1592340	Actuarial	$62,865
MEYER, UNKOVIC & SCOTT3+ years Service code 29 · EIN 25-1008021	Legal	$62,678
INVESTMENT CONSULTING SERVICES, LLC1 year Service code 27 · EIN 32-0016703	Advisory (Plan)	$48,750
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS REALTY INVESTORS Service code 52 · EIN 06-1452020	Indirect Investment Fees	$45,389
NEPC, LLC3+ years Filed as: NEPC Service code 27 · EIN 26-1429809	Advisory (Plan)	$35,973
HEXAVEST INC.3+ years Filed as: HEXAVEST, INC. Service code 51	Investment Mgmt Fees	$34,984
WELLINGTON TRUST COMPANY3+ years Filed as: WELLINGTON TRUST Service code 28 · EIN 04-2755549	Investment Management	$25,000
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INSTITUTIONAL ASSET MGMT Service code 28 · EIN 20-2159373	Investment Management	$21,520

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$918K

$291 / participant

Investment mgmt$374K40.7%
Contract admin$115K12.5%
Other / not subdivided$429K46.8%

% of EOY assets

1.265%

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: DICLAUDIO & KRAMER, LLC
Auditor EIN: 270889793
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,640-100.0%

Participation rate

0.0%

0.0%0pp

22.2%-22.2pp

0.0%0pp

Annual return

11.09%

17.84%-6.8pp

10.66%+0.4pp

17.84%-6.8pp

Employer contribution / active EE

$1,124

$14,688-92.3%

$30,880-96.4%

$14,688-92.3%

Participant deferral / active EE

$770-100.0%

$65-100.0%

$770-100.0%

Admin fee / account holder

$1,478-100.0%

Provider

Service type

Compensation

FRANK M. VACCARO & ASSOCIATES3+ years

Service code 13 · EIN 23-2148108

Contract Administrator

$115,113

THE BANK OF NEW YORK MELLON3+ years

Filed as: BNY MELLON

Service code 28 · EIN 25-6078093

Investment Management

$79,544

HALLETT ASSOCIATES, INC.3+ years

Service code 11 · EIN 25-1592340

Actuarial

$62,865

MEYER, UNKOVIC & SCOTT3+ years

Service code 29 · EIN 25-1008021

Legal

$62,678

INVESTMENT CONSULTING SERVICES, LLC1 year

Service code 27 · EIN 32-0016703

Advisory (Plan)

$48,750

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS REALTY INVESTORS

Service code 52 · EIN 06-1452020

Indirect Investment Fees

$45,389

NEPC, LLC3+ years

Filed as: NEPC

Service code 27 · EIN 26-1429809

Advisory (Plan)

$35,973

HEXAVEST INC.3+ years

Filed as: HEXAVEST, INC.

Service code 51

Investment Mgmt Fees

$34,984

WELLINGTON TRUST COMPANY3+ years

Filed as: WELLINGTON TRUST

Service code 28 · EIN 04-2755549

Investment Management

$25,000

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INSTITUTIONAL ASSET MGMT

Service code 28 · EIN 20-2159373

Investment Management

$21,520

UFCW LOCAL 23 & GIANT EAGLE PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL 23 & GIANT EAGLE PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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