Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Ufcw Local 888 And401(k)

UFCW LOCAL 888 AND EMPLOYERS 401(K) PLAN · ELMWOOD PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
1.15%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees Ufcw Local 888 And reported $230,238 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,216 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.27% to 1.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,065th-largest of 2,419 plans among New Jersey employers on file, and the 5,827th of 13,661 in manufacturing. In 2024, the employer put in $2.07 for every $1.00 employees contributed themselves; active participation has shrunk from 558 to 443 since 2022.

Plan summary
Net assets, end of year$20,577,119
Participants with balances608
Active participants443
Employer contributions$981,823
Employee contributions$474,349
Employer contribution per active participant$2,216
Average account balance$33,844
Benefits paid to participants$2,420,598
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 608 accts · $982K emplr
2023$19.5M · 650 accts · $1.1M emplr
2022$17.1M · 704 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$125,003
Audit (IQPA)$22,800
Total administrative$230,238
The Board of Trustees Ufcw Local 888 And 401(k) match · 2024
Employer contribution per active participant$2,216
Median for plans this size$2,416
2024$2,216 per active participant
2023$2,466 per active participant
2022$1,916 per active participant

Board of Trustees Ufcw Local 888 And's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
BPA SERVICES LLC · Custodial$120,732
SLEVIN & HART P.C. · Legal$38,213
CITRIN COOPERMAN & COMPANY, LLP · Accounting / audit$11,400
CITRIN COOPERMAN ADVISORS LLC · Accounting / audit$11,400

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$230,238 · 1.15%
2023$216,477 · 1.18%
2022$235,756 · 1.27%
Similar plansManufacturing · New Jersey
Pamarco Technologies, LLC NJ$20.7M · 0.60%
Interchem Corporation NJ$20.7M · 0.64%
Diversified Global Graphics NJ$20.2M · 0.29%
Ungerer & Company NJ$19.5M · 0.20%
Annin & Co NJ$19.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386994031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.