Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ufcw Retirement and Savings PlanProfit-sharing plan

UFCW RETIREMENT AND SAVINGS PLAN · MOUNT LAUREL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Trustees of Ufcw Retirement and Savings Plan reported $1,562,848 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $904 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 1.02% to 0.87%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 231st-largest of 2,419 plans among New Jersey employers on file, and the 596th of 4,798 in finance & insurance. In 2024, the employer put in $8.37 for every $1.00 employees contributed themselves; active participation has grown from 17,516 to 19,380 since 2022.

Plan summary
Net assets, end of year$192,096,601
Participants with balances41,657
Active participants19,380
Employer contributions$17,520,645
Employee contributions$2,094,229
Employer contribution per active participant$904
Average account balance$4,611
Benefits paid to participants$11,636,181
Plan auditUnmodified (clean) audit opinion
AuditorBARATZ & ASSOCIATES, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$192.1M · 41,657 accts · $17.5M emplr
2023$167.6M · 39,286 accts · $15.9M emplr
2022$142.2M · 37,048 accts · $14.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$782,937
Audit (IQPA)$26,000
Total administrative$1,562,848
Employer contributions to the Trustees of Ufcw Retirement and Savings Plan plan · 2024
Employer contribution per active participant$904
Median for plans this size$3,635
2024$904 per active participant
2023$840 per active participant
2022$842 per active participant

Trustees of Ufcw Retirement and Savings Plan's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20246
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Custodial (securities)$856,442
FRANK M. VACCARO & ASSOCIATES · Contract administrator$782,937
SEGAL SELECT INSURANCE SERVICES,INC · Insurance broker$49,302
SLEVIN & HART, P.C. · Legal$34,810
BARATZ & ASSOCIATES, P.A. · Accounting / audit$26,000
O'BRIEN BELLAND & BUSHINSKY LLC · Legal$11,528

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,562,848 · 0.87%
2023$1,711,950 · 1.11%
2022$1,514,341 · 1.02%
Similar plansFinance & Insurance · New Jersey
Standard Chartered Bank NJ$407.3M · 0.05%
Freedom Mortgage Corporation NJ$200.2M · 0.37%
Provident Bank NJ$184.4M · 0.08%
Zelis Healthcare, LLC NJ$172.2M · 0.16%
Cenlar Capital Corporation NJ$167.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232818427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.