New York › Other services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
United Food and Commercial Workers Local 1500 Annuity Plan
Sponsored by Board of Trustees UFCW Local 1500 Annuity Fund, Westbury, NY
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.
United Food and Commercial Workers Local 1500 Annuity Plan is a profit-sharing plan sponsored by Board of Trustees UFCW Local 1500 Annuity Fund of Westbury, New York. For the plan year ending 31 Dec 2024 it reported 13,729 participants, 6,861 of them active, and net assets of $46.9M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $3,419 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $40,686 median for defined contribution plans in other services. 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 $9.9M during the year, or $1,441 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $1.3M.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $1.0M: $75.94 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $1.1M. 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 $386K in 2016 to $46.9M in 2024 (up 12062%), and participants from 663 to 13,729 (up 1971%).
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 | $3,419 | $64,499 | $40,686 | $53,102 |
| Employer contributions per active participant | $1,441 | $2,424 | $2,024 | $2,175 |
| Schedule C compensation per participant | $75.94 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 2.2% | 0.09% | 0.30% | 0.26% |
| Administrative expenses per participant | $76.88 | $54.85 | $99.73 | $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), other services (2,675) 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 | 13,729 | $46.9M | $3,419 | $9.9M | — | $1.0M |
| 2023 | 12,939 | $36.6M | $2,830 | $10.2M | — | $936K |
| 2022 | 9,027 | $25.1M | $2,775 | $9.8M | — | $581K |
| 2021 | 8,398 | $18.3M | $2,184 | $14.4M | — | $418K |
| 2020 | 2,361 | $3.8M | $1,605 | $1.7M | — | $122K |
| 2019 | 1,078 | $2.0M | $1,857 | $675K | — | $95K |
| 2018 | 824 | $1.3M | $1,608 | $616K | — | $55K |
| 2017 | 692 | $807K | $1,166 | $471K | — | $49K |
| 2016 | 663 | $386K | $582 | $448K | — | $50K |
| 2015 | 390 | — | — | — | — | $0 |
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$36,619,557
- Employer contributions$9,887,435
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$9,887,435
- Total income, including investment results$12,641,667
- Benefits paid$1,262,152
- Administrative expenses$1,055,441
- Total expenses$2,317,593
- Net income$10,324,074
- Net transfers$0
- Net assets, end of year$46,943,631
Participants
- Active participants6,861
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits6,868
- Participants with account balances13,729
- Total participants, end of year13,729
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| UFCW Local 1500 | Other services | $560,889 | $0 |
| Aria Employee Benefit Services | Contract Administrator; Consulting (general) | $234,109 | $0 |
| UBS Financial Services | Investment advisory (plan) | $155,433 | $0 |
| UFCW Local 1500 Building, Inc. | Other services | $53,200 | $0 |
| Citrin Cooperman & Company LLP | Accounting (including auditing) | $16,344 | $0 |
| Segal Company | Consulting (pension) | $11,000 | $0 |
| Colleran, O'Hara & Mills LLP | Legal | $5,882 | $0 |
| Ajv LLC | Recordkeeping and information management | $5,708 | $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
- Salaries and allowances$539,106
- Contract administrator fees$234,109
- Investment advisory and management fees$155,433
- Other administrative expenses$102,752
- IQPA audit fees$18,159
- Legal fees$5,882
- Total administrative expenses$1,055,441
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$23.4M · 49.7%
- Registered investment companies (mutual funds)$14.2M · 30.2%
- Corporate stocks$5.6M · 11.9%
- U.S. Government securities$3.4M · 7.1%
- Receivables$308K · 0.7%
- Cash (interest and non-interest bearing)$181K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCitrin Cooperman & Company LLP
- 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 plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813930: Labor Unions and Similar Labor Organizations.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Cultural Institutions Savings Plan | The Cultural Institutions Retirement System | 14,828 | $725M | $48,878 |
| Monro, Inc. 401(k) Plan | Monro, Inc. | 6,939 | $82.2M | $11,841 |
| Young Men's Christian Association Retirement Fund Retirement Plan | Young Men's Christian Association Retirement Fund | 99,339 | $3.88B | $39,020 |
| Freedom 401(k) Pooled Employer Plan | 401(k) Freedom Inc. | 5,384 | — | — |
| Irc 403(b) Retirement Savings Plan | International Rescue Committee | 5,036 | $253M | $50,273 |
| Samaritan Village, Inc. Retirement Plan | Samaritan Daytop Village, Inc. | 4,547 | $57.0M | $12,538 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is United Food and Commercial Workers Local 1500 Annuity Plan?
13,729 participants at the end of the plan year ending 31 Dec 2024, of whom 6,861 were active employees, with net assets of $46,943,631. 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 Board of Trustees UFCW Local 1500 Annuity Fund contribute per participant?
The filing reports $9,887,435 in employer contributions for the year, which is $1,441 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 $1,042,565 in compensation to service provider organisations, $75.94 per participant or 2.2% 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 $1,055,441. 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 UFCW Local 1500 Annuity Fund. Recordkeeping or administration: Aria Employee Benefit Services and Ajv LLC. Investment advisory or management: UBS Financial Services. The financial statements were audited by Citrin Cooperman & Company LLP. 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 47-5675902, 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.