California › Retail trade › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW No. California Food Employers Joint Individual Account Plan
Sponsored by Board of Trustees UFCW No. California Food Employers Joint Ind Account, Concord, CA
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.
UFCW No. California Food Employers Joint Individual Account Plan is a money purchase plan sponsored by Board of Trustees UFCW No. California Food Employers Joint Ind Account of Concord, California. For the plan year ending 31 Dec 2024 it reported 58,508 participants, 25,465 of them active, and net assets of $267M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $4,558 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more 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 $10.8M during the year, or $423 per active participant against a same-size median of $2,417; participants contributed —. Benefits paid out totalled $18.6M.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $2.3M: $39.08 per participant, above the same-size median of $36.41. Administrative expenses charged to the plan were $3.7M. 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 $226M in 2009 to $267M in 2024 (up 18%), and participants from 55,800 to 58,508 (up 5%).
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 | $4,558 | $62,774 | $36,708 | $53,102 |
| Employer contributions per active participant | $423 | $2,417 | $999 | $2,175 |
| Schedule C compensation per participant | $39.08 | $36.41 | $121 | $123 |
| Schedule C compensation, share of net assets | 0.86% | 0.07% | 0.36% | 0.26% |
| Administrative expenses per participant | $62.96 | $38.81 | $114 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), retail trade (3,794) 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 | 58,508 | $267M | $4,558 | $10.8M | — | $2.3M |
| 2023 | 56,304 | $254M | $4,512 | $11.3M | — | $2.2M |
| 2022 | 53,983 | $245M | $4,540 | $11.5M | — | $2.2M |
| 2021 | 39,445 | $290M | $7,362 | $7.9M | — | $2.7M |
| 2020 | 38,043 | $264M | $6,927 | $2.8M | — | $2.8M |
| 2019 | 38,982 | $256M | $6,575 | $33K | — | $2.7M |
| 2018 | 40,211 | $234M | $5,810 | $33K | — | $2.7M |
| 2017 | 41,317 | $262M | $6,347 | $51K | — | $2.8M |
| 2016 | 42,584 | $247M | $5,795 | $59K | — | $2.2M |
| 2015 | 43,806 | $242M | $5,523 | $56K | — | $2.2M |
| 2014 | 45,036 | $249M | $5,533 | $48K | — | $2.5M |
| 2013 | 46,223 | $252M | $5,454 | $55K | — | $4.9M |
| 2012 | 47,633 | $226M | $4,740 | $50K | — | $3.5M |
| 2011 | 49,671 | $215M | $4,319 | $25K | — | $3.6M |
| 2010 | 53,774 | $234M | $4,344 | $51K | — | $4.8M |
| 2009 | 55,800 | $226M | $4,048 | $87K | — | $4.0M |
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$254,049,370
- Employer contributions$10,781,794
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,781,794
- Total income, including investment results$34,870,581
- Benefits paid$18,562,941
- Administrative expenses$3,683,382
- Total expenses$22,246,323
- Net income$12,624,258
- Net transfers$0
- Net assets, end of year$266,673,628
Participants
- Active participants25,465
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits30,829
- Participants with account balances25,465
- Total participants, end of year58,508
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| UFCW Group Administration LLC | Plan Administrator | $1,639,366 | $0 |
| Eide Bailly, LLP | Accounting (including auditing) | $101,803 | $0 |
| Hudson Edge Investment Partners | Investment management | $98,454 | $0 |
| Seyfarth Shaw LLP | Legal | $65,726 | $0 |
| Northern Trust | Custodial (securities) | $61,454 | $0 |
| Wellington Trust | Investment management | $61,391 | $0 |
| New England Pension Consultants | Investment advisory (plan) | $60,331 | $0 |
| Horizon Actuarial Consultants | Consulting (pension) | $56,102 | $0 |
| Segal Company | Consulting (pension) | $55,344 | $0 |
| UFCW Local Union 5 | Contract Administrator | $41,306 | $0 |
| UFCW Local Union 8 | Contract Administrator | $30,174 | $0 |
| UFCW Local Union 648 | Contract Administrator | $8,278 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 smaller rows are not shown. 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$1,639,366
- Investment advisory and management fees$1,444,924
- Other administrative expenses$216,378
- Actuarial fees$111,446
- Legal fees$83,456
- Recordkeeping fees$71,214
- Trustee and custodial fees$51,598
- Other trustee fees and expenses$34,410
- IQPA audit fees$30,590
- Total administrative expenses$3,683,382
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$109M · 41.0%
- Partnership/joint venture interests$83.7M · 31.3%
- Other investments$46.7M · 17.5%
- Corporate stocks$12.8M · 4.8%
- 103-12 investment entities$11.3M · 4.2%
- Cash (interest and non-interest bearing)$2.5M · 0.9%
- Receivables$686K · 0.3%
- U.S. Government securities$309 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmEide Bailly 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 445110: Supermarkets and Other Grocery (except Convenience) Stores.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ross Stores, Inc. 401(k) Savings Plan | Ross Stores, Inc. | 66,413 | $1.18B | $17,801 |
| Sephora Retirement Plan | Sephora USA Inc. | 32,767 | $600M | $18,314 |
| Trader Joe's Company Retirement Plan | Trader Joe's Company | 73,118 | $3.20B | $43,801 |
| Petco Animal Supplies Stores, Inc. 401(k) Plan | Petco Animal Supplies Stores, Inc. | 24,846 | $368M | $14,814 |
| Gapshare 401(k) Plan | Gap Inc. | 83,515 | $2.61B | $31,279 |
| Williams-Sonoma, Inc. 401(k) Plan | Williams-Sonoma, Inc. | 22,777 | $883M | $38,749 |
Defined contribution plans in retail trade closest in size.
Questions and answers
How big is UFCW No. California Food Employers Joint Individual Account Plan?
58,508 participants at the end of the plan year ending 31 Dec 2024, of whom 25,465 were active employees, with net assets of $266,673,628. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Board of Trustees UFCW No. California Food Employers Joint Ind Account contribute per participant?
The filing reports $10,781,794 in employer contributions for the year, which is $423 per active participant; the median for plans of the same type and size was $2,417 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 $2,286,339 in compensation to service provider organisations, $39.08 per participant or 0.86% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $3,683,382. 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 No. California Food Employers Joint Ind Account. Recordkeeping or administration: UFCW Group Administration LLC, UFCW Local Union 5 and UFCW Local Union 8. Investment advisory or management: Hudson Edge Investment Partners, Wellington Trust and New England Pension Consultants. Trustee or custodian: Northern Trust. The financial statements were audited by Eide Bailly 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 17 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 68-0161773, plan 002, received 17 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.