New York › Retail trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW Local One Pension Fund
Sponsored by BRD of Ttees UFCW Local One Pension Fund, Oriskany, NY
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 2024, UFCW Local One Pension Fund covered 18,198 participants and held $967M in net assets. The plan is a defined benefit pension plan sponsored by BRD of Ttees UFCW Local One Pension Fund of Oriskany, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $53,163 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above 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.
Employer contributions were $1.8M for the year ($9,219 per active participant) and benefits paid were $50.2M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 14 service provider organisations paid $5,000 or more, with reported compensation of $2.2M: $124 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $5.9M. 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 $250M in 2009 to $967M in 2024 (up 287%), and participants from 22,284 to 18,198 (down 18%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $53,163 | $87,623 | $30,870 | $86,221 |
| Employer contributions per active participant | $9,219 | $9,468 | $2,829 | $10,244 |
| Schedule C compensation per participant | $124 | $232 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.23% | 0.30% | 0.59% | 0.42% |
| Administrative expenses per participant | $327 | $396 | $310 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 |
|---|---|---|---|---|---|---|
| 2024 | 18,198 | $967M | $53,163 | $1.8M | — | $2.3M |
| 2023 | 18,493 | $987M | $53,360 | $2.4M | — | $1.6M |
| 2022 | 18,879 | $184M | $9,773 | $1.8M | — | $1.4M |
| 2021 | 19,177 | $248M | $12,925 | $3.0M | — | $1.5M |
| 2020 | 19,827 | $260M | $13,136 | $13.9M | — | $1.5M |
| 2019 | 20,124 | $272M | $13,502 | $4.1M | — | $1.7M |
| 2018 | 20,311 | $272M | $13,378 | $9.5M | — | $2.0M |
| 2017 | 22,606 | $303M | $13,416 | $19.7M | — | $1.8M |
| 2016 | 22,827 | $287M | $12,590 | $19.5M | — | $1.8M |
| 2015 | 22,862 | $286M | $12,522 | $17.6M | — | $2.1M |
| 2014 | 23,430 | $300M | $12,794 | $13.3M | — | $2.1M |
| 2013 | 23,379 | $299M | $12,781 | $15.2M | — | $2.3M |
| 2012 | 23,146 | $263M | $11,353 | $12.0M | — | $1.5M |
| 2011 | 22,976 | $250M | $10,866 | $11.6M | — | $1.5M |
| 2010 | 22,710 | $269M | $11,855 | $11.7M | — | $1.6M |
| 2009 | 22,284 | $250M | $11,226 | $10.1M | — | $2.0M |
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$986,791,122
- Employer contributions$1,779,260
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$1,779,260
- Total income, including investment results$36,873,369
- Benefits paid$50,249,889
- Administrative expenses$5,945,343
- Total expenses$56,195,232
- Net income−$19,321,863
- Net transfers$0
- Net assets, end of year$967,469,259
Participants
- Active participants193
- Retired or separated, receiving benefits7,613
- Retired or separated, entitled to future benefits9,490
- Total participants, end of year18,198
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Loomis Sayles | Investment management | $893,456 | $0 |
| Northern Trust Company | Custodial (securities) | $312,992 | $0 |
| Investment Performance Services | Investment advisory (plan) | $173,750 | $0 |
| Fred Alger Management | Investment management | $156,729 | $0 |
| Slevin & Hart, PC | Legal | $147,231 | $0 |
| Cheiron | Actuarial | $132,908 | $0 |
| HGK Asset Management/hudson Edge | Investment management | $88,335 | $0 |
| Foundry Partners, LLC | Investment management | $84,914 | $0 |
| Bridgeway Benefit Technologies | Recordkeeping and information management | $68,021 | $0 |
| Chartwell Investment Partners | Investment management | $67,923 | $0 |
| Victory Capital Management, Inc. | Investment management | $64,734 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $34,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 smaller rows are not shown. 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
- Other administrative expenses$3,361,794
- Investment advisory and management fees$1,557,734
- Salaries and allowances$360,659
- Trustee and custodial fees$312,992
- Legal fees$147,231
- Actuarial fees$132,908
- IQPA audit fees$37,000
- Recordkeeping fees$23,025
- Other trustee fees and expenses$12,000
- Total administrative expenses$5,945,343
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.
- Corporate debt instruments$757M · 78.2%
- Corporate stocks$60.1M · 6.2%
- U.S. Government securities$40.5M · 4.2%
- Partnership/joint venture interests$29.6M · 3.1%
- Other investments$25.0M · 2.6%
- Common/collective trusts$15.6M · 1.6%
- Real estate$12.0M · 1.2%
- Receivables$10.9M · 1.1%
- Cash (interest and non-interest bearing)$10.5M · 1.1%
- Registered investment companies (mutual funds)$7.2M · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
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)
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 York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UFCW Local 1500 Pension Plan | Board of Trustees U.F.C.W. Local 1500 Pension Fund | 31,393 | $946M | $30,142 |
| Local 338 Retirement Fund | Trustees Local 338 Retirement Fund | 17,068 | $604M | $35,416 |
| Essilorluxottica Pension Plan | Essilorluxottica USA Inc. | 15,947 | $723M | $45,343 |
| Golub Corporation Employees Retirement Plan | Golub Corporation | 10,395 | $366M | $35,257 |
| Foot Locker Retirement Plan | Foot Locker, Inc. | 9,887 | $359M | $36,341 |
| United Teamster Pension Fund a | Board of Trustees of United Teamster Pension Fund a | 6,859 | $343M | $49,950 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is UFCW Local One Pension Fund?
18,198 participants at the end of the plan year ending 31 Dec 2024, of whom 193 were active employees, with net assets of $967,469,259. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does BRD of Ttees UFCW Local One Pension Fund contribute per participant?
The filing reports $1,779,260 in employer contributions for the year, which is $9,219 per active participant; the median for plans of the same type and size was $9,468 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $2,249,872 in compensation to service provider organisations, $124 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,945,343. 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 BRD of Ttees UFCW Local One Pension Fund. Recordkeeping or administration: Bridgeway Benefit Technologies. Investment advisory or management: Loomis Sayles, Investment Performance Services and Fred Alger Management. Trustee or custodian: Northern Trust Company. The financial statements were audited by Calibre CPA Group PLLC. 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 unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. 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 16-6144007, plan 001, received 15 Oct 2025; 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.