Maryland › Finance and insurance › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Felra & UFCW Pension Plan
Sponsored by Board of Trustees, Felra & UFCW Pension, Sparks, MD
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.
Felra & UFCW Pension Plan is a defined benefit pension plan sponsored by Board of Trustees, Felra & UFCW Pension of Sparks, Maryland. For the plan year ending 31 Dec 2024 it reported 38,910 participants, 0 of them active, and net assets of $1.43B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $36,685 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more 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.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $5.5M: $143 per participant, close to the same-size median of $143. Administrative expenses charged to the plan were $7.7M. 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 $692M in 2009 to $1.43B in 2024 (up 106%), and participants from 50,770 to 38,910 (down 23%).
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 | $36,685 | $88,040 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $7,849 | $10,244 |
| Schedule C compensation per participant | $143 | $143 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.39% | 0.26% | 0.32% | 0.42% |
| Administrative expenses per participant | $198 | $306 | $433 | $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), 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 | 38,910 | $1.43B | $36,685 | — | — | $5.5M |
| 2023 | 39,701 | $1.41B | $35,436 | — | — | $4.5M |
| 2022 | 42,869 | $1.40B | $32,729 | $0 | — | $4.5M |
| 2021 | 43,728 | $106M | $2,422 | $172K | — | $4.5M |
| 2020 | 51,500 | $181M | $3,511 | $45.3M | — | $3.6M |
| 2019 | 49,958 | $130M | $2,593 | $45.6M | — | $3.6M |
| 2018 | 50,662 | $216M | $4,270 | $47.0M | — | $3.7M |
| 2017 | 49,926 | $321M | $6,425 | $46.0M | — | $4.3M |
| 2016 | 50,065 | $391M | $7,812 | $46.2M | — | $4.8M |
| 2015 | 50,270 | $468M | $9,308 | $47.7M | — | $5.2M |
| 2014 | 49,024 | $557M | $11,355 | $51.8M | — | $6.3M |
| 2013 | 50,637 | $620M | $12,251 | $53.2M | — | $6.5M |
| 2012 | 51,227 | $631M | $12,323 | $66.0M | — | $7.1M |
| 2011 | 52,123 | $639M | $12,265 | $69.1M | — | $6.7M |
| 2010 | 51,765 | $708M | $13,671 | $64.3M | — | $6.5M |
| 2009 | 50,770 | $692M | $13,640 | $57.7M | — | $6.1M |
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$1,406,846,247
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$168,720,153
- Benefits paid$140,467,038
- Administrative expenses$7,687,897
- Total expenses$148,154,935
- Net income$20,565,218
- Net transfers$0
- Net assets, end of year$1,427,411,465
Participants
- Active participants0
- Retired or separated, receiving benefits15,776
- Retired or separated, entitled to future benefits20,742
- Total participants, end of year38,910
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Associated Administrators, LLC | Contract Administrator | $3,246,331 | $0 |
| Loomis Sayles & Company, LP | Investment management | $927,818 | $0 |
| Investment Performance Services | Investment advisory (plan) | $286,008 | $0 |
| Cheiron, Inc. | Direct payment from the plan | $227,646 | $0 |
| Slevin & Hart | Direct payment from the plan | $202,424 | $0 |
| PNC | Float revenue; 'Soft dollars' commissions | $202,220 | $0 |
| Chartwell Investment Partners | Investment management | $127,700 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $111,944 | $0 |
| Segal Select Insurance Services | Insurance agents and brokers | $0 | $73,131 |
| Ryan Alm, Inc. | Investment advisory (plan) | $50,000 | $0 |
| Groom Law Group | Legal | $46,518 | $0 |
| Comerica | Investment management | $45,227 | $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
- Contract administrator fees$3,246,331
- Other administrative expenses$2,041,606
- Investment advisory and management fees$1,922,949
- Legal fees$248,942
- Actuarial fees$227,646
- IQPA audit fees$423
- Total administrative expenses$7,687,897
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$1.17B · 81.9%
- U.S. Government securities$61.3M · 4.3%
- Receivables$58.8M · 4.1%
- Cash (interest and non-interest bearing)$58.6M · 4.1%
- Common/collective trusts$44.1M · 3.1%
- Partnership/joint venture interests$17.5M · 1.2%
- Registered investment companies (mutual funds)$16.6M · 1.2%
- Other investments$2.0M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, 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)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525920: Trusts, Estates, & Agency Accounts.
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ufcw- Giant Excess Supplemental Benefit Fund | Board of Trustees Ufcw-Giant Excess Supplemental Benefit Fybd | 20,503 | $19K | $1 |
| UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund | Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi | 13,011 | $46K | $4 |
| Ufcw-Giant Variable Annuity Fund | Board of Trustees Ufcw-Giant Variable Annuity Fund | 12,031 | $52.2M | $4,339 |
| UFCW Unions and Participating Employers Pension Plan | Board of Trustees the UFCW Unions and Participating Employers Pension | 11,636 | $94.1M | $8,090 |
| United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan | U a Local Union Officers & Employees Pension Fund | 5,864 | $1.26B | $215,463 |
| Carefirst, Inc. Retirement Plan | Carefirst, Inc. | 4,512 | $545M | $120,834 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Felra & UFCW Pension Plan?
38,910 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $1,427,411,465. 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 Board of Trustees, Felra & UFCW Pension contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $5,546,967 in compensation to service provider organisations, $143 per participant or 0.39% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $7,687,897. 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, Felra & UFCW Pension. Recordkeeping or administration: Associated Administrators, LLC. Investment advisory or management: Loomis Sayles & Company, LP, Investment Performance Services and Chartwell Investment Partners. The financial statements were audited by Novak Francella, 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 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 52-6128473, 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.