New Jersey › Retail trade › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
UFCW Union Local 1049 Retirement Fund
Sponsored by UFCW Union Local 1049 Retirement Fund, 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.
UFCW Union Local 1049 Retirement Fund is a defined benefit pension plan sponsored by UFCW Union Local 1049 Retirement Fund of West Trenton, New Jersey. For the plan year ending 31 Dec 2025 it reported 140 participants, and net assets of $85K. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $486 per participant in plan year 2024, well below the $80,635 median for defined benefit plans with 100 to 249 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 1 service provider organisation paid $5,000 or more, with reported compensation of $24K: $171 per participant, well below the same-size median of $451. Administrative expenses charged to the plan were $51K. 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 $100K in 2009 to $85K in 2025 (down 15%), and participants from 366 to 140 (down 62%).
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 | $486 | $80,635 | $30,870 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $2,829 | $10,244 |
| Schedule C compensation per participant | $157 | $451 | $165 | $344 |
| Schedule C compensation, share of net assets | 32.3% | 0.52% | 0.59% | 0.42% |
| Administrative expenses per participant | $357 | $582 | $310 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 140 | $85K | $607 | — | — | $24K |
| 2024 | 149 | $72K | $483 | — | — | $23K |
| 2023 | 161 | $68K | $422 | — | — | $22K |
| 2022 | 170 | $105K | $618 | — | — | $0 |
| 2021 | 184 | $136K | $739 | — | — | $7,000 |
| 2020 | 193 | $197K | $1,021 | — | — | $6,000 |
| 2019 | 208 | $178K | $856 | — | — | $6,000 |
| 2018 | 219 | $175K | $799 | — | — | $12K |
| 2017 | 228 | $134K | $588 | — | — | $13K |
| 2016 | 250 | $162K | $648 | — | — | $12K |
| 2015 | 281 | $140K | $498 | — | — | $20K |
| 2014 | 287 | $139K | $484 | — | — | $12K |
| 2013 | 297 | $134K | $451 | — | — | $33K |
| 2011 | 336 | $162K | $482 | — | — | $45K |
| 2010 | 354 | $165K | $466 | — | — | $36K |
| 2009 | 366 | $100K | $273 | — | — | $67K |
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$72,398
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions$220,700
- Total contributions$220,700
- Total income, including investment results$220,700
- Benefits paid$157,322
- Administrative expenses$50,941
- Total expenses$208,263
- Net income$12,437
- Net transfers$0
- Net assets, end of year$84,835
Participants
- Active participants—
- Retired or separated, receiving benefits82
- Retired or separated, entitled to future benefits41
- Total participants, end of year140
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ie Shaffer & Co. | Plan Administrator; Actuarial | $23,973 | $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$23,973
- IQPA audit fees$16,000
- Other administrative expenses$7,270
- Legal fees$3,298
- Other trustee fees and expenses$400
- Total administrative expenses$50,941
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)$92K · 89.6%
- Receivables$11K · 10.4%
Audit and compliance answers, as filed
- Accountant's opinionQualified
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $75,000
- 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)1IFrozen plan1LCode not in the current Form 5500 instructions
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 448140: Family Clothing Stores.
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Teamsters Local 575 Pension Fund | Teamsters Local 575 Pension Fund | 186 | −$2.0M | — |
| Joseph P. Fazzio Organization, LLC Cash Balance Pension Plan | Joseph P. Fazzio Organization, LLC | 130 | $3.4M | $26,530 |
| Ronetco Supermarkets, Inc. Employees' Retirement Plan | Ronetco Supermarkets,inc. | 200 | $18.6M | $92,939 |
| Spencer Gifts LLC Pension Plan | Spencer Gifts LLC | 115 | $0 | — |
| Fedway Associates, Inc. Employees' Retirement Plan | Fedway Associates, Inc. | 209 | $18.6M | $89,032 |
| Inserra Supermarkets, Inc. Pension Plan | Inserra Supermarkets, Inc. | 255 | $9.7M | $38,167 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is UFCW Union Local 1049 Retirement Fund?
140 participants at the end of the plan year ending 31 Dec 2025, with net assets of $84,835. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does UFCW Union Local 1049 Retirement Fund 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 $23,973 in compensation to service provider organisations, $171 per participant or 28.3% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $50,941. 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 Union Local 1049 Retirement Fund. Recordkeeping or administration: Ie Shaffer & Co.. 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 18 Aug 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 22-1468736, plan 001, received 18 Aug 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.