Pennsylvania › Retail trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW Local 1776 & Participating Employers Retirement and Savings Plan
Sponsored by UFCW Local 1776 & Participating Employer Retirement and Savings Plan, Plymouth Meeting, 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.
UFCW Local 1776 & Participating Employer Retirement and Savings Plan of Plymouth Meeting, Pennsylvania sponsors UFCW Local 1776 & Participating Employers Retirement and Savings Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 10,026 participants (4,457 active) and $99.4M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $9,917 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $36,708 median for defined contribution 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.
The employer contributed $4.9M during the year, or $1,108 per active participant against a same-size median of $2,424; participants contributed $3.1M and $11K arrived as rollovers and other contributions. Benefits paid out totalled $8.8M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $313K: $31.24 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $355K. 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 $18.6M in 2009 to $99.4M in 2024 (up 435%), and participants from 7,110 to 10,026 (up 41%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $9,917 | $64,499 | $36,708 | $53,102 |
| Employer contributions per active participant | $1,108 | $2,424 | $999 | $2,175 |
| Schedule C compensation per participant | $31.24 | $53.38 | $121 | $123 |
| Schedule C compensation, share of net assets | 0.32% | 0.09% | 0.36% | 0.26% |
| Administrative expenses per participant | $35.44 | $54.85 | $114 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), retail trade (3,794) and all US plans (63,460). 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 | 10,026 | $99.4M | $9,917 | $4.9M | $3.1M | $313K |
| 2023 | 9,097 | $87.4M | $9,612 | $3.6M | $3.7M | $98K |
| 2022 | 8,356 | $72.1M | $8,632 | $4.5M | $2.3M | $277K |
| 2021 | 6,921 | $82.7M | $11,948 | $4.7M | $2.2M | $230K |
| 2020 | 6,015 | $68.0M | $11,313 | $3.2M | $3.1M | $117K |
| 2019 | 3,003 | $57.5M | $19,156 | $395K | $2.5M | $54K |
| 2018 | 2,986 | $47.5M | $15,910 | $529K | $2.3M | $49K |
| 2017 | 2,794 | $49.7M | $17,805 | $696K | $2.1M | $68K |
| 2016 | 2,524 | $42.9M | $17,000 | $576K | $1.7M | $58K |
| 2015 | 2,337 | $39.4M | $16,864 | $501K | $1.8M | $71K |
| 2014 | 2,248 | $39.4M | $17,527 | $441K | $1.7M | $49K |
| 2013 | 8,837 | $36.0M | $4,070 | $684K | $1.7M | $54K |
| 2012 | 8,456 | $29.2M | $3,450 | $318K | $1.7M | $68K |
| 2011 | 7,556 | $23.6M | $3,128 | $93K | $2.0M | $49K |
| 2010 | 7,695 | $22.3M | $2,899 | $58K | $2.1M | $52K |
| 2009 | 7,110 | $18.6M | $2,616 | $16K | $1.9M | $45K |
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$87,442,663
- Employer contributions$4,939,067
- Participant contributions$3,095,005
- Rollovers and other contributions$11,115
- Total contributions$8,045,187
- Total income, including investment results$21,243,425
- Benefits paid$8,826,804
- Administrative expenses$355,356
- Total expenses$9,261,450
- Net income$11,981,975
- Net transfers$0
- Net assets, end of year$99,424,638
Participants
- Active participants4,457
- Retired or separated, receiving benefits94
- Retired or separated, entitled to future benefits5,472
- Participants with account balances10,026
- Total participants, end of year10,026
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Contract Administrator; Recordkeeping and information management; Participant loan processing | $229,661 | $0 |
| CBIZ Retirement Plan Services | Consulting fees; Direct payment from the plan | $28,375 | $0 |
| Keystone 74 Beneifits and Administr | Plan Administrator | $21,292 | $0 |
| RBC Wealth MGT, NWC 313-24576 | Consulting (general); Consulting (pension) | $18,000 | $0 |
| Alan Ross and Company, PC | Accounting (including auditing) | $8,750 | $0 |
| Healthcare Strategies, Inc. | Plan Administrator | $7,097 | $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
- Investment advisory and management fees$247,661
- Contract administrator fees$28,389
- Actuarial fees$28,375
- Legal fees$26,319
- Other administrative expenses$15,862
- IQPA audit fees$8,750
- Total administrative expenses$355,356
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.
- Registered investment companies (mutual funds)$86.8M · 87.3%
- Insurance company general account$10.5M · 10.6%
- Participant loans$1.3M · 1.3%
- Receivables$571K · 0.6%
- Pooled separate accounts$111K · 0.1%
- Cash (interest and non-interest bearing)$110K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAlan Ross & Company PC
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account
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 Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The PEP Boys 401(k) Plan | The PEP Boys - Manny, Moe & Jack LLC | 10,751 | $205M | $19,088 |
| Qurate Retail Group 401(k) Retirement Savings Plan for QVC and HSN | QVC, Inc. | 9,124 | $1.11B | $121,717 |
| Amended and Restated Savings Fund Plan for Employees of 84 Lumber Company | 84 Lumber Company, L.P. | 11,653 | $779M | $66,889 |
| Clark Associates Multiple Employer 401(k) Plan | Clark Core Services, LLC | 8,807 | $258M | $29,312 |
| Adapthealth 401(k) Profit Sharing Plan and Trust | Adapthealth, LLC | 11,658 | $159M | $13,642 |
| David's Bridal 401(k) Retirement Plan | Davids Bridal, Inc. | 8,327 | $66.1M | $7,940 |
Defined contribution plans in retail trade closest in size.
Questions and answers
How big is UFCW Local 1776 & Participating Employers Retirement and Savings Plan?
10,026 participants at the end of the plan year ending 31 Dec 2024, of whom 4,457 were active employees, with net assets of $99,424,638. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does UFCW Local 1776 & Participating Employer Retirement and Savings Plan contribute per participant?
The filing reports $4,939,067 in employer contributions for the year, which is $1,108 per active participant; the median for plans of the same type and size was $2,424 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 $313,175 in compensation to service provider organisations, $31.24 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $355,356. 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 1776 & Participating Employer Retirement and Savings Plan. Recordkeeping or administration: Empower Annuity Insurance Company, Keystone 74 Beneifits and Administr and Healthcare Strategies, Inc.. The financial statements were audited by Alan Ross & Company PC. 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 18 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 23-2997353, plan 001, received 18 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.