Pennsylvania › Retail trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Mar 2024 to 28 Feb 2025
The Rite Aid Pension Plan
Sponsored by Rite Aid Corporation, Harrisburg, PA
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.
Rite Aid Corporation of Harrisburg, Pennsylvania sponsors The Rite Aid Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 28 Feb 2025 shows 5,976 participants (884 active) and $117M in net assets.
Net assets came to $19,650 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 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 4 service provider organisations paid $5,000 or more, with reported compensation of $1.1M: $178 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $1.9M. 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 $87.1M in 2009 to $117M in 2024 (up 35%), and participants from 12,499 to 5,976 (down 52%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $19,650 | $87,623 | $30,870 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $2,829 | $10,244 |
| Schedule C compensation per participant | $178 | $232 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.90% | 0.30% | 0.59% | 0.42% |
| Administrative expenses per participant | $312 | $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 | 5,976 | $117M | $19,650 | — | — | $1.1M |
| 2023 | 6,308 | $120M | $18,987 | — | — | $1.1M |
| 2022 | 6,532 | $121M | $18,592 | — | — | $1.0M |
| 2021 | 6,778 | $150M | $22,090 | — | — | $856K |
| 2020 | 7,022 | $151M | $21,475 | $4.3M | — | $1.2M |
| 2019 | 7,306 | $135M | $18,534 | $3.7M | — | $1.2M |
| 2018 | 7,583 | $125M | $16,462 | $991K | — | $1.2M |
| 2017 | 8,180 | $133M | $16,214 | $2.9M | — | $761K |
| 2016 | 8,590 | $126M | $14,722 | $7.8M | — | $1.1M |
| 2015 | 8,996 | $110M | $12,267 | — | — | $1.7M |
| 2014 | 9,119 | $130M | $14,249 | $1.2M | — | $959K |
| 2013 | 10,484 | $129M | $12,303 | $8.0M | — | $1.5M |
| 2012 | 11,235 | $115M | $10,216 | $2.1M | — | $1.7M |
| 2011 | 11,477 | $112M | $9,731 | $8.8M | — | $1.6M |
| 2010 | 11,930 | $104M | $8,699 | $9.6M | — | $1.6M |
| 2009 | 12,499 | $87.1M | $6,971 | $15.5M | — | $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$119,771,270
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$7,989,638
- Benefits paid$8,465,826
- Administrative expenses$1,867,406
- Total expenses$10,333,232
- Net income−$2,343,594
- Net transfers$0
- Net assets, end of year$117,427,676
Participants
- Active participants884
- Retired or separated, receiving benefits3,054
- Retired or separated, entitled to future benefits1,691
- Total participants, end of year5,976
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | $628,511 | $0 |
| Aon Investments USA Inc. | Investment management | $402,501 | $0 |
| Clifton Larson Allen, LLP (CLA) | Accounting (including auditing) | $19,950 | $0 |
| US Bank | Trustee (bank, trust company, or similar financial institution) | $10,161 | $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
- Other administrative expenses$806,108
- Actuarial fees$628,511
- Investment advisory and management fees$402,501
- IQPA audit fees$19,950
- Trustee and custodial fees$10,161
- Contract administrator fees$175
- Total administrative expenses$1,867,406
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.
- Common/collective trusts$116M · 98.4%
- Cash (interest and non-interest bearing)$1.1M · 1.0%
- Receivables$712K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmClifton Larson Allen, LLP (CLA)
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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)1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 446110: Pharmacies & Drug Stores.
Other plans of Rite Aid Corporation
| Plan | Participants | Net assets |
|---|---|---|
| The Rite Aid 401(k) Plan | 30,990 | $3.21B |
| Rite Aid Corporation 401(k) for Collectively Bargained Associates | 5,903 | $68.8M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UFCW Local 23 & Giant Eagle Pension Fund | Board of Trustees UFCW Local 23 & Giant Eagle Pension Fund | 7,099 | $79.8M | $11,234 |
| UFCW Local 1776 & Participating Employers Pension Fund | UFCW Local 1776 & Participating Employers Pension Fund | 5,580 | $81.3M | $14,575 |
| UFCW Union & Partcipating Food Industry Employers Tri-State Pension Fund | UFCW Union & Participating Food Industry Employers Tri-State Pension F | 29,592 | $869M | $29,370 |
| UFCW 360 Shop Rite Pension Fund | UFCW 360 Shop Rite Pension Fund | 4,199 | $32.7M | $7,792 |
| Pension Plan-Amalgamated Meat Cutters & Retail Food Store Local 342 | BD of Trustees of Pension Fund Amal Meat Cutters | 2,511 | $1.1M | $440 |
| United Food & Commercial Workers Pension Fund of Northeastern Pennsylvania | United Food & Commercial Workers Pension FD NE PA | 1,352 | $1.0M | $741 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is The Rite Aid Pension Plan?
5,976 participants at the end of the plan year ending 28 Feb 2025, of whom 884 were active employees, with net assets of $117,427,676. 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 Rite Aid Corporation 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 $1,061,123 in compensation to service provider organisations, $178 per participant or 0.90% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $1,867,406. 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 Rite Aid Corporation. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Aon Investments USA Inc.. Trustee or custodian: US Bank. The financial statements were audited by Clifton Larson Allen, LLP (CLA). 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Mar 2024 to 28 Feb 2025, received by the Department of Labor on 19 Feb 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 23-1614034, plan 002, received 19 Feb 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.