Arizona › Retail trade › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 31 Dec 2024
Ufcw-Cannabis Industry Individual Account Plan
Sponsored by The Board of Trustees of the Ufcw- Cannabis Industry Individual Accoun, Phoenix, AZ
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-Cannabis Industry Individual Account Plan covered 1,998 participants and held $363K in net assets. The plan is a money purchase plan sponsored by The Board of Trustees of the Ufcw- Cannabis Industry Individual Accoun of Phoenix, Arizona. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $182 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 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 $363K during the year, or $675 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled —.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were —.
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 | $182 | $50,295 | $36,708 | $53,102 |
| Employer contributions per active participant | $675 | $2,045 | $999 | $2,175 |
| Schedule C compensation per participant | — | $82.08 | $121 | $123 |
| Schedule C compensation, share of net assets | — | 0.17% | 0.36% | 0.26% |
| Administrative expenses per participant | — | $82.20 | $114 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), retail trade (3,794) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions$363,333
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$363,333
- Total income, including investment results$363,333
- Benefits paid—
- Administrative expenses—
- Total expenses—
- Net income$363,333
- Net transfers$0
- Net assets, end of year$363,333
Participants
- Active participants538
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits1,460
- Participants with account balances1,998
- Total participants, end of year1,998
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
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.
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.
- Receivables$363K · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmHenningfield & Associates, Inc.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 453990: All Other Miscellaneous Store Retailers (including tobacco, candle, & trophy shops).
Similar plans in Arizona
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Earnhardt's Savings Plan | Earnhardt Management Company | 2,074 | $85.1M | $41,017 |
| The Berge Group Retirement Savings Plan | Bell Ford, Inc. | 1,575 | $39.3M | $24,924 |
| Chapman Automotive Group 401(k) Plan and Trust | Chapman Automotive Group, L.L.C. | 2,078 | $94.0M | $45,233 |
| Arizona Machinery Group Employees' Profit Sharing Retirement Plan | Arizona Machinery Group, Inc. | 1,124 | $68.9M | $61,311 |
| Coal Brick Oven Pizzeria, Inc. 401(k) Plan | Coal Brick Oven Pizzeria, Inc. | 2,561 | $2.0M | $799 |
| Gowan Group 401(k) Profit Sharing Plan | Gowan Company, LLC | 1,102 | $91.6M | $83,109 |
Defined contribution plans in retail trade closest in size.
Questions and answers
How big is Ufcw-Cannabis Industry Individual Account Plan?
1,998 participants at the end of the plan year ending 31 Dec 2024, of whom 538 were active employees, with net assets of $363,333. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does The Board of Trustees of the Ufcw- Cannabis Industry Individual Accoun contribute per participant?
The filing reports $363,333 in employer contributions for the year, which is $675 per active participant; the median for plans of the same type and size was $2,045 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 no provider compensation for the year. Administrative expenses on Schedule H were —. 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 The Board of Trustees of the Ufcw- Cannabis Industry Individual Accoun. The financial statements were audited by Henningfield & Associates, Inc.. 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 Jul 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 36-5096695, 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.