Retirement plan

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN

Name: TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT - UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN, TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT

TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONTEIN 41-1930820Plan #001PY 2024

3001 METRO DRIVE, SUITE 500 - BLOOMINGTON, MN 554251617952-854-0795LinkedIn5001-10000 employeesinsurance

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$226.4M

+13.2% from 2023

Total participants

7,478

+2.1% from 2023

Average account balance

$30,275

+10.9% from 2023

Annual return

13.76%

-6.62 pp from 2023

Benchmarks

See 61 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort61 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$226.40M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

7,478

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

$8.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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 7 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.10+ years Filed as: MILLIMAN, INC Service code 15 · EIN 91-0675641	Recordkeeping	$413,375
MATRIX TRUST COMPANY8 years Service code 19 · EIN 75-3182674	Securities Custodian	$42,118
FIDUCIENT ADVISORS LLC4 years Filed as: FIDUCIENT ADVISORS Service code 26 · EIN 36-4001764	Advisory (Participants)	$35,100
WILSON-MCSHANE CORPORATION10+ years Service code 13 · EIN 41-0956552	Contract Administrator	$21,805
LEGACY PROFESSIONALS LLP10+ years Service code 10 · EIN 32-0043599	Accounting	$20,538
SHUMAKER, LOOP & KENDRICK, LLP2 years Filed as: SHUMAKER, LOOP, & KENDRICK, LLP Service code 29 · EIN 34-4439491	Legal	$20,113
FRSECURE2 years Filed as: FR SECURE Service code 16 · EIN 26-3547185	Consulting	$5,470

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$601K

$83 / participant

Recordkeeping$413K68.8%
Trustee / custodial$42K7.0%
Investment mgmt$35K5.8%
Legal$20K3.3%
Other trustee fees$7K1.2%
Contract admin$16K2.7%
Other / not subdivided$67K11.2%

% of EOY assets

0.265%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: $20,538
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,275

$47,202-35.9%

$93,696-67.7%

$99,314-69.5%

Participation rate

100.0%

57.3%+42.7pp

68.7%+31.3pp

71.7%+28.3pp

Annual return

13.76%

13.08%+0.7pp

133.74%-120.0pp

17.67%-3.9pp

Employer contribution / active EE

$870

$1,134-23.3%

$2,422-64.1%

$3,264-73.4%

Participant deferral / active EE

$332

$2,296-85.5%

$4,417-92.5%

$5,346-93.8%

Admin fee / account holder

$80

$86-6.5%

$8,287-99.0%

$109-26.4%

Provider

Service type

Compensation

MILLIMAN, INC.10+ years

Filed as: MILLIMAN, INC

Service code 15 · EIN 91-0675641

Recordkeeping

$413,375

MATRIX TRUST COMPANY8 years

Service code 19 · EIN 75-3182674

Securities Custodian

$42,118

FIDUCIENT ADVISORS LLC4 years

Filed as: FIDUCIENT ADVISORS

Service code 26 · EIN 36-4001764

Advisory (Participants)

$35,100

WILSON-MCSHANE CORPORATION10+ years

Service code 13 · EIN 41-0956552

Contract Administrator

$21,805

LEGACY PROFESSIONALS LLP10+ years

Service code 10 · EIN 32-0043599

Accounting

$20,538

SHUMAKER, LOOP & KENDRICK, LLP2 years

Filed as: SHUMAKER, LOOP, & KENDRICK, LLP

Service code 29 · EIN 34-4439491

Legal

$20,113

FRSECURE2 years

Filed as: FR SECURE

Service code 16 · EIN 26-3547185

Consulting

$5,470

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION 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