New Jersey › Retail trade › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
UFCW Local 50 Pension Fund
Sponsored by UFCW Local 50 Pension Fund Board of Trustees, West Trenton, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2025, UFCW Local 50 Pension Fund covered 658 participants and held $572K in net assets. The plan is a defined benefit pension plan sponsored by UFCW Local 50 Pension Fund Board of Trustees of West Trenton, New Jersey. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $1,300 per participant in plan year 2024, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $30,870 median for defined benefit plans in retail trade. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $95K: $144 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $132K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $29.5M in 2009 to $572K in 2025 (down 98%), and participants from 1,392 to 658 (down 53%).
The independent accountant's opinion on the financial statements was qualified.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $1,300 | $86,583 | $30,870 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $2,829 | $10,244 |
| Schedule C compensation per participant | $111 | $377 | $165 | $344 |
| Schedule C compensation, share of net assets | 8.6% | 0.48% | 0.59% | 0.42% |
| Administrative expenses per participant | $152 | $591 | $310 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), retail trade (132) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 658 | $572K | $869 | — | — | $95K |
| 2024 | 734 | $954K | $1,300 | — | — | $82K |
| 2023 | 754 | $967K | $1,282 | — | — | $86K |
| 2022 | 805 | $906K | $1,125 | — | — | $83K |
| 2021 | 855 | $920K | $1,076 | — | — | $83K |
| 2020 | 887 | $1.1M | $1,211 | — | — | $86K |
| 2019 | 928 | $1.1M | $1,213 | — | — | $96K |
| 2018 | 970 | $939K | $968 | — | — | $118K |
| 2017 | 1,000 | $744K | $744 | — | — | $59K |
| 2016 | 1,075 | $428K | $398 | — | — | $221K |
| 2015 | 1,087 | $394K | $362 | — | — | $371K |
| 2014 | 1,155 | $3.8M | $3,261 | — | — | $602K |
| 2013 | 1,203 | $11.2M | $9,348 | — | — | $622K |
| 2012 | 1,247 | $16.5M | $13,213 | — | — | $616K |
| 2011 | 1,285 | $21.3M | $16,560 | — | — | $715K |
| 2010 | 1,336 | $26.1M | $19,562 | — | — | $761K |
| 2009 | 1,392 | $29.5M | $21,220 | — | — | $1.3M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$954,313
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$2,642,500
- Total contributions$2,642,500
- Total income, including investment results$2,879,648
- Benefits paid$3,129,746
- Administrative expenses$132,081
- Total expenses$3,261,827
- Net income−$382,179
- Net transfers$0
- Net assets, end of year$572,134
Participants
- Active participants0
- Retired or separated, receiving benefits520
- Retired or separated, entitled to future benefits96
- Total participants, end of year658
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ie Shaffer & Co. | Contract Administrator | $57,795 | $0 |
| Cohen, Weiss, & Simon LLP | Legal | $21,267 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $15,600 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$57,795
- Other trustee fees and expenses$25,040
- Legal fees$21,267
- IQPA audit fees$15,600
- Other administrative expenses$11,134
- Actuarial fees$1,125
- Trustee and custodial fees$120
- Total administrative expenses$132,081
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Cash (interest and non-interest bearing)$596K · 99.5%
- Receivables$2,727 · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionQualified
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $450,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 445110: Supermarkets and Other Grocery (except Convenience) Stores.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UFCW Local 1262 and Employers Non Food Pension Fund | Trustees UFCW Local 1262 NF Industry Pen | 660 | $276K | $418 |
| Local 464A Finast Full Time Employees Pension Plan | Local 464A Finast Full Time Employees Pension Plan | 470 | $12.7M | $27,007 |
| UFCW Local 174 Retail Pension Fund | Board of Trustees-Ufcw Local 174 Retail Pension Fund | 766 | $866K | $1,131 |
| Mikasa/american Commercial Incorporated Defined Benefit Pension Plan | American Commercial III, LLC | 403 | $4.8M | $11,811 |
| UFCW Union Local 919 & Contributing Employers Non-Food Pension Fund | UFCW Union Local 919 & Contrib Empl Non-Food Pension Fund | 821 | $127K | $154 |
| Bakery and Sales Drivers' Local 33 Partitioned Pen | Board of Trustees of Bakery and Sales Drivers' Local 33 Part Pen F | 268 | $106K | $395 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is UFCW Local 50 Pension Fund?
658 participants at the end of the plan year ending 31 Dec 2025, of whom 0 were active employees, with net assets of $572,134. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does UFCW Local 50 Pension Fund Board of Trustees contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $94,662 in compensation to service provider organisations, $144 per participant or 16.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $132,081. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is UFCW Local 50 Pension Fund Board of Trustees. Recordkeeping or administration: Ie Shaffer & Co.. The financial statements were audited by Novak Francella, LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an qualified opinion. The accountant's report attached to the filing at EFAST2 explains the basis for the opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 8 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-6696824, plan 001, received 8 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.