New York › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retail Wholesale and Department Store Union Staff Retirement Plan
Sponsored by Committee of the Retail Wholesale & Department Store Union AFL-CIO, New York, 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.
Retail Wholesale and Department Store Union Staff Retirement Plan is a 401(k) plan sponsored by Committee of the Retail Wholesale & Department Store Union AFL-CIO of New York, New York. For the plan year ending 31 Dec 2024 it reported 126 participants, 95 of them active, and net assets of $35.7M. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $283,174 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above 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 $1.3M during the year, or $14,179 per active participant against a same-size median of $2,447; participants contributed $691K. Benefits paid out totalled $7.9M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $83K: $658 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $96K. 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 $14.7M in 2009 to $35.7M in 2024 (up 143%), and participants from 119 to 126 (up 6%).
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 | $283,174 | $60,185 | $40,686 | $53,102 |
| Employer contributions per active participant | $14,179 | $2,447 | $2,024 | $2,175 |
| Schedule C compensation per participant | $658 | $194 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.23% | 0.32% | 0.30% | 0.26% |
| Administrative expenses per participant | $760 | $176 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 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 | 126 | $35.7M | $283,175 | $1.3M | $691K | $83K |
| 2023 | 137 | $36.8M | $268,825 | $1.4M | $733K | $68K |
| 2022 | 134 | $31.4M | $234,134 | $1.4M | $691K | $49K |
| 2021 | 139 | $40.6M | $292,338 | $1.4M | $695K | $32K |
| 2020 | 140 | $35.3M | $251,943 | $1.4M | $699K | $56K |
| 2019 | 146 | $33.0M | $226,062 | $1.4M | $723K | $61K |
| 2018 | 154 | $27.6M | $179,519 | $1.5M | $745K | $64K |
| 2017 | 153 | $27.8M | $181,863 | $1.3M | $679K | $75K |
| 2016 | 151 | $26.1M | $172,742 | $1.3M | $650K | $53K |
| 2015 | 133 | $23.4M | $175,797 | $1.1M | $564K | $64K |
| 2014 | 132 | $25.8M | $195,424 | $1.1M | $560K | $64K |
| 2013 | 130 | $24.3M | $186,846 | $1.0M | $528K | $62K |
| 2012 | 128 | $19.7M | $154,289 | $967K | $501K | $64K |
| 2011 | 122 | $17.4M | $142,385 | $939K | $481K | $60K |
| 2010 | 115 | $16.8M | $146,026 | $881K | $465K | $62K |
| 2009 | 119 | $14.7M | $123,277 | $882K | $443K | $49K |
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$36,829,046
- Employer contributions$1,347,003
- Participant contributions$691,459
- Rollovers and other contributions—
- Total contributions$2,038,462
- Total income, including investment results$6,833,880
- Benefits paid$7,887,292
- Administrative expenses$95,698
- Total expenses$7,982,990
- Net income−$1,149,110
- Net transfers$0
- Net assets, end of year$35,679,936
Participants
- Active participants95
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits30
- Participants with account balances126
- Total participants, end of year126
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Western Asset Management | Investment advisory (plan) | $38,118 | $0 |
| Forvis Mazars, LLP | Accounting (including auditing) | $30,472 | $0 |
| Amalgamated Bank | Custodial (other than securities) | $12,631 | $0 |
| Palmer-Tanno Agency, Inc. | Custodial (securities) | $1,722 | $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$38,118
- IQPA audit fees$30,472
- Trustee and custodial fees$12,631
- Other administrative expenses$11,977
- Actuarial fees$2,500
- Total administrative expenses$95,698
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.
- Common/collective trusts$22.5M · 63.0%
- 103-12 investment entities$12.9M · 36.3%
- Cash (interest and non-interest bearing)$269K · 0.8%
- Registered investment companies (mutual funds)$6,527 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateYes, $284,674
- 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
2CMoney purchase (other than target benefit) plan2JCode section 401(k) feature2XMultiple-employer defined contribution pension plan not under codes 2U, 2V or 2W
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Metrokids Cradle 401(k) Plan | Metrokids Cradle Brooklyn, Inc. | 126 | $2.8M | $22,307 |
| 403(b) Thrift Plan for Employees of Arts Center and Theater of Schenectady, Inc. d/b/a Proctor's Theatre | Arts Center and Theater of SCH | 125 | $6.9M | $54,944 |
| Warren Tire Service Center, Inc. Profit Sharing 401(k) Plan | Warren Tire Service Center, Inc. | 128 | $7.5M | $58,944 |
| National Basketball Players Association Staff 401(k) Savings Plan | National Basketball Players Association | 124 | $16.8M | $135,440 |
| Madison Square Boys & Girls Club Pension Plan | Madison Square Boys & Girls Club | 128 | $11.5M | $90,124 |
| 403(b) Thrift Plan for Employees of the Joyce Theater Foundation, Inc. | The Joyce Theater Foundation, | 124 | $10.4M | $84,254 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is Retail Wholesale and Department Store Union Staff Retirement Plan?
126 participants at the end of the plan year ending 31 Dec 2024, of whom 95 were active employees, with net assets of $35,679,936. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Committee of the Retail Wholesale & Department Store Union AFL-CIO contribute per participant?
The filing reports $1,347,003 in employer contributions for the year, which is $14,179 per active participant; the median for plans of the same type and size was $2,447 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 $82,943 in compensation to service provider organisations, $658 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $95,698. 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 Committee of the Retail Wholesale & Department Store Union AFL-CIO. Investment advisory or management: Western Asset Management. Trustee or custodian: Amalgamated Bank and Palmer-Tanno Agency, Inc.. The financial statements were audited by Forvis Mazars, 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 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 51-6041432, 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.