Maryland › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund
Sponsored by Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi, 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.
Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi of Sparks, Maryland sponsors UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 13,011 participants (2,396 active) and $46K in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $4 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 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.
Employer contributions were $139K for the year ($58 per active participant) and benefits paid were —. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $109K: $8.39 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $132K. 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 $70K in 2021 to $46K in 2024 (down 34%), and participants from 14,381 to 13,011 (down 10%).
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 | $4 | $87,623 | $119,983 | $86,221 |
| Employer contributions per active participant | $58 | $9,468 | $7,849 | $10,244 |
| Schedule C compensation per participant | $8.39 | $232 | $352 | $344 |
| Schedule C compensation, share of net assets | 237.5% | 0.30% | 0.32% | 0.42% |
| Administrative expenses per participant | $10.12 | $396 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 13,011 | $46K | $4 | $139K | — | $109K |
| 2023 | 13,045 | $38K | $3 | $183K | — | $120K |
| 2022 | 13,264 | $46K | $3 | $205K | — | $176K |
| 2021 | 14,381 | $70K | $5 | $400K | — | $246K |
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$38,122
- Employer contributions$139,489
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$139,489
- Total income, including investment results$139,489
- Benefits paid—
- Administrative expenses$131,641
- Total expenses$131,641
- Net income$7,848
- Net transfers$0
- Net assets, end of year$45,970
Participants
- Active participants2,396
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits9,864
- Total participants, end of year13,011
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Associated Administrators, LLC | Contract Administrator | $58,012 | $0 |
| Cheiron Inc. | Actuarial | $23,628 | $0 |
| Schmitz Press Inc. | Participant communication | $11,141 | $0 |
| Slevin & Hart | Legal | $10,794 | $0 |
| Proskauer Rose LLP | Legal | $5,594 | $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$58,012
- Legal fees$28,548
- Actuarial fees$26,946
- Other administrative expenses$16,701
- Trustee and custodial fees$1,434
- Total administrative expenses$131,641
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.
- Cash (interest and non-interest bearing)$55K · 53.5%
- Receivables$48K · 46.5%
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, $100,000
- Blackout period during the year—
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)
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 Variable Annuity Fund | Board of Trustees Ufcw-Giant Variable Annuity Fund | 12,031 | $52.2M | $4,339 |
| Felra & UFCW Pension Plan | Board of Trustees, Felra & UFCW Pension | 38,910 | $1.43B | $36,685 |
| 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 UFCW Giant-Safeway Excess Supplemental Benefit Pension Fund?
13,011 participants at the end of the plan year ending 31 Dec 2024, of whom 2,396 were active employees, with net assets of $45,970. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Board of Trustees UFCW Giant-Safeway Excess Supplemental Benefit Pensi contribute per participant?
The filing reports $139,489 in employer contributions for the year, which is $58 per active participant; the median for plans of the same type and size was $9,468 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 $109,169 in compensation to service provider organisations, $8.39 per participant or 237.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $131,641. 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 Giant-Safeway Excess Supplemental Benefit Pensi. Recordkeeping or administration: Associated Administrators, LLC. 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 86-2113060, 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.