Ohio › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW Heartland Pension Fund
Sponsored by Board of Trustees of UFCW Heartland Pension Fund, Dayton, OH
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 Heartland Pension Fund covered 2,333 participants and held $58.7M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees of UFCW Heartland Pension Fund of Dayton, Ohio. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $25,145 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $119,983 median for defined benefit plans in finance and insurance. 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 $397K for the year ($1,007 per active participant) and benefits paid were $5.3M. 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 7 service provider organisations paid $5,000 or more, with reported compensation of $405K: $174 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $562K. 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 $66.7M in 2009 to $58.7M in 2024 (down 12%), and participants from 2,923 to 2,333 (down 20%).
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 | $25,145 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $1,007 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $174 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.69% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $241 | $513 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), finance and insurance (690) 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 | 2,333 | $58.7M | $25,145 | $397K | — | $405K |
| 2023 | 2,345 | $59.5M | $25,368 | $384K | — | $407K |
| 2022 | 2,080 | $60.0M | $28,854 | $408K | — | $413K |
| 2021 | 2,447 | $72.5M | $29,631 | $410K | — | $322K |
| 2020 | 2,563 | $68.1M | $26,554 | $428K | — | $294K |
| 2019 | 2,631 | $67.5M | $25,670 | $449K | — | $296K |
| 2018 | 2,820 | $62.7M | $22,242 | $422K | — | $314K |
| 2017 | 2,698 | $71.9M | $26,662 | $430K | — | $262K |
| 2016 | 2,571 | $67.9M | $26,397 | $443K | — | $312K |
| 2015 | 2,587 | $68.6M | $26,521 | $424K | — | $269K |
| 2014 | 2,742 | $72.8M | $26,545 | $437K | — | $301K |
| 2013 | 2,753 | $74.4M | $27,025 | $475K | — | $417K |
| 2012 | 2,736 | $67.2M | $24,553 | — | $573K | $586K |
| 2011 | 2,792 | $65.0M | $23,279 | — | $599K | $518K |
| 2010 | 2,871 | $68.3M | $23,781 | $607K | — | $435K |
| 2009 | 2,923 | $66.7M | $22,826 | $626K | — | $440K |
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$59,488,502
- Employer contributions$396,757
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$396,757
- Total income, including investment results$5,005,828
- Benefits paid$5,268,842
- Administrative expenses$561,723
- Total expenses$5,830,565
- Net income−$824,737
- Net transfers$0
- Net assets, end of year$58,663,765
Participants
- Active participants394
- Retired or separated, receiving benefits1,231
- Retired or separated, entitled to future benefits705
- Total participants, end of year2,333
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Heartland Benefit Plan Administrato | Plan Administrator | $133,847 | $0 |
| Reinhart Boerner Van Deuren S.C. | Legal | $76,171 | $0 |
| Sikich CPA LLC | Accounting (including auditing) | $59,363 | $0 |
| Fifth Third Bank Retirement Service | Investment management | $57,463 | $0 |
| Marquette Associates, Inc. | Investment advisory (plan) | $35,000 | $0 |
| Milliman, Inc. | Insurance agents and brokers | $32,566 | $0 |
| Buck Global LLC | Actuarial | $10,967 | $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$286,090
- Investment advisory and management fees$95,703
- Legal fees$76,171
- IQPA audit fees$59,363
- Actuarial fees$43,533
- Trustee and custodial fees$863
- Total administrative expenses$561,723
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)$43.9M · 74.8%
- Other investments$4.6M · 7.8%
- Common/collective trusts$3.9M · 6.6%
- 103-12 investment entities$3.2M · 5.5%
- Partnership/joint venture interests$2.5M · 4.2%
- Cash (interest and non-interest bearing)$626K · 1.1%
- Receivables$82K · 0.1%
- Buildings and other property used in plan operation$10K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSikich CPA LLC
- 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 525100: Insurance & Employee Benefit Funds.
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Fifth Third Bancorp Master Retirement Plan | Fifth Third Bancorp | 2,827 | $87.9M | $31,076 |
| Pipe Fitters Local Union No. 120 Pension Plan | Pipe Fitters Local Union 120 Pens. Fund | 2,009 | $221M | $110,087 |
| First Financial Bancorp Employees' Pension Plan and Trust | First Financial Bancorp | 3,320 | $150M | $45,127 |
| Park National Corporation Defined Benefit Pension Plan | Park National Corporation | 1,706 | $238M | $139,676 |
| Ohio Farmers Insurance Company Pension Plan | Ohio Farmers Insurance Company | 4,368 | $728M | $166,623 |
| Group Pension Plan for Employees of Central Insurance Company | Central Insurance Company | 1,271 | $220M | $173,426 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is UFCW Heartland Pension Fund?
2,333 participants at the end of the plan year ending 31 Dec 2024, of whom 394 were active employees, with net assets of $58,663,765. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Board of Trustees of UFCW Heartland Pension Fund contribute per participant?
The filing reports $396,757 in employer contributions for the year, which is $1,007 per active participant; the median for plans of the same type and size was $10,593 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 $405,377 in compensation to service provider organisations, $174 per participant or 0.69% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $561,723. 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 Board of Trustees of UFCW Heartland Pension Fund. Recordkeeping or administration: Heartland Benefit Plan Administrato. Investment advisory or management: Fifth Third Bank Retirement Service and Marquette Associates, Inc.. The financial statements were audited by Sikich CPA LLC. 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 13 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 31-6056028, plan 001, received 13 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.