Pennsylvania › Retail trade › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW Union & Partcipating Food Industry Employers Tri-State Pension Fund
Sponsored by UFCW Union & Participating Food Industry Employers Tri-State Pension F, 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 Union & Participating Food Industry Employers Tri-State Pension F of Plymouth Meeting, Pennsylvania sponsors UFCW Union & Partcipating Food Industry Employers Tri-State Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 29,592 participants (6,739 active) and $869M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $29,370 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more participants and close to 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 $11.4M for the year ($1,686 per active participant) and benefits paid were $59.8M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $2.7M: $90.26 per participant, well below the same-size median of $143. Administrative expenses charged to the plan were $3.7M. 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 $308M in 2009 to $869M in 2024 (up 182%), and participants from 31,954 to 29,592 (down 7%).
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 | $29,370 | $88,040 | $30,870 | $86,221 |
| Employer contributions per active participant | $1,686 | $6,524 | $2,829 | $10,244 |
| Schedule C compensation per participant | $90.26 | $143 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.26% | 0.59% | 0.42% |
| Administrative expenses per participant | $126 | $306 | $310 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 29,592 | $869M | $29,370 | $11.4M | — | $2.7M |
| 2023 | 28,193 | $233M | $8,265 | $11.5M | — | $2.7M |
| 2022 | 29,262 | $267M | $9,109 | $12.0M | — | $2.7M |
| 2021 | 29,233 | $349M | $11,926 | $12.8M | — | $2.6M |
| 2020 | 31,723 | $348M | $10,974 | $12.4M | — | $2.8M |
| 2019 | 32,025 | $354M | $11,055 | $15.9M | — | $2.9M |
| 2018 | 32,331 | $333M | $10,308 | $13.8M | — | $2.9M |
| 2017 | 32,816 | $391M | $11,925 | $16.2M | — | $3.1M |
| 2016 | 32,904 | $375M | $11,391 | $17.0M | — | $2.7M |
| 2015 | 33,176 | $383M | $11,558 | $19.7M | — | $3.2M |
| 2014 | 32,482 | $408M | $12,547 | $19.4M | — | $3.1M |
| 2013 | 31,839 | $407M | $12,788 | $20.0M | — | $3.1M |
| 2012 | 31,619 | $361M | $11,432 | $21.3M | — | $2.9M |
| 2011 | 30,766 | $337M | $10,967 | $47.8M | — | $2.9M |
| 2010 | 31,532 | $333M | $10,569 | $24.7M | — | $2.8M |
| 2009 | 31,954 | $308M | $9,632 | $22.0M | — | $1.8M |
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$233,009,438
- Employer contributions$11,364,966
- Participant contributions—
- Rollovers and other contributions$650,447
- Total contributions$12,015,413
- Total income, including investment results$15,262,636
- Benefits paid$59,805,775
- Administrative expenses$3,723,663
- Total expenses$63,529,438
- Net income−$48,266,802
- Net transfers$684,360,361
- Net assets, end of year$869,102,997
Participants
- Active participants6,739
- Retired or separated, receiving benefits8,889
- Retired or separated, entitled to future benefits11,963
- Total participants, end of year29,592
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Healthcare Strategies, Inc. | Plan Administrator | $846,893 | $0 |
| Asb Capital Management | Investment management | $236,123 | $0 |
| Sage Advisory Services Ltd. Co. | Investment management | $182,414 | $0 |
| Westfield Capital Management | Investment management | $175,749 | $0 |
| CBIZ | Actuarial | $163,464 | $0 |
| Loomis-Sayles & Company, LP | Investment management | $162,770 | $0 |
| Schulte Roth & Zabel LLP | Legal | $121,682 | $0 |
| Northern Trust Company | Securities brokerage | $107,862 | $0 |
| Graystone Consulting | Investment advisory (plan) | $95,000 | $0 |
| MFS Institutional Advisors,inc. | Investment management | $80,028 | $0 |
| Victory Capital Management | Investment management | $77,981 | $0 |
| Cooke & Beiler | Investment management; Securities brokerage | $73,096 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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$1,249,117
- Investment advisory and management fees$1,201,359
- Contract administrator fees$846,893
- Legal fees$220,330
- Actuarial fees$163,464
- IQPA audit fees$42,500
- Total administrative expenses$3,723,663
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$632M · 72.5%
- Corporate stocks$86.7M · 9.9%
- U.S. Government securities$68.9M · 7.9%
- Common/collective trusts$48.2M · 5.5%
- Real estate$18.7M · 2.1%
- Receivables$15.2M · 1.7%
- Cash (interest and non-interest bearing)$1.6M · 0.2%
- Partnership/joint venture interests$355K · 0.0%
- Registered investment companies (mutual funds)$28K · 0.0%
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
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 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 |
| The Rite Aid Pension Plan | Rite Aid Corporation | 5,976 | $117M | $19,650 |
| UFCW Local 1776 & Participating Employers Pension Fund | UFCW Local 1776 & Participating Employers Pension Fund | 5,580 | $81.3M | $14,575 |
| 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 UFCW Union & Partcipating Food Industry Employers Tri-State Pension Fund?
29,592 participants at the end of the plan year ending 31 Dec 2024, of whom 6,739 were active employees, with net assets of $869,102,997. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does UFCW Union & Participating Food Industry Employers Tri-State Pension F contribute per participant?
The filing reports $11,364,966 in employer contributions for the year, which is $1,686 per active participant; the median for plans of the same type and size was $6,524 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 $2,670,964 in compensation to service provider organisations, $90.26 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $3,723,663. 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 & Participating Food Industry Employers Tri-State Pension F. Recordkeeping or administration: Healthcare Strategies, Inc.. Investment advisory or management: Asb Capital Management, Sage Advisory Services Ltd. Co. and Westfield Capital Management. 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 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 23-6396097, 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.