California › Retail trade › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
UFCW No. California Employers Joint Pension Plan
Sponsored by Board of Trustees, UFCW No. California Employers Joint Pension Plan, 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 Employers Joint Pension Plan is a defined benefit pension plan sponsored by Board of Trustees, UFCW No. California Employers Joint Pension Plan of Concord, California. For the plan year ending 31 Dec 2024 it reported 130,691 participants, 39,903 of them active, and net assets of $2.89B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $22,133 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more participants and well below the $30,870 median for defined benefit 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.
Employer contributions were $206M for the year ($5,150 per active participant) and benefits paid were $448M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $17.3M: $132 per participant, below the same-size median of $143. Administrative expenses charged to the plan were $43.3M. 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 $3.06B in 2009 to $2.89B in 2024 (down 6%), and participants from 126,656 to 130,691 (up 3%).
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 | $22,133 | $88,040 | $30,870 | $86,221 |
| Employer contributions per active participant | $5,150 | $6,524 | $2,829 | $10,244 |
| Schedule C compensation per participant | $132 | $143 | $165 | $344 |
| Schedule C compensation, share of net assets | 0.60% | 0.26% | 0.59% | 0.42% |
| Administrative expenses per participant | $331 | $306 | $310 | $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), retail trade (132) 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 | 130,691 | $2.89B | $22,133 | $206M | — | $17.3M |
| 2023 | 135,136 | $2.93B | $21,704 | $211M | — | $21.4M |
| 2022 | 136,709 | $2.94B | $21,538 | $221M | — | $23.3M |
| 2021 | 138,516 | $3.48B | $25,104 | $224M | — | $22.1M |
| 2020 | 138,389 | $3.22B | $23,275 | $237M | — | $15.2M |
| 2019 | 133,997 | $3.23B | $24,088 | $212M | — | $18.5M |
| 2018 | 134,544 | $3.09B | $22,942 | $196M | — | $19.3M |
| 2017 | 131,880 | $3.34B | $25,305 | $194M | — | $18.7M |
| 2016 | 128,898 | $3.21B | $24,887 | $191M | — | $21.7M |
| 2015 | 130,955 | $3.20B | $24,426 | $185M | — | $24.1M |
| 2014 | 128,320 | $3.37B | $26,273 | $169M | — | $24.5M |
| 2013 | 126,749 | $3.42B | $26,948 | $161M | — | $24.8M |
| 2012 | 126,214 | $3.20B | $25,353 | $154M | — | $23.0M |
| 2011 | 126,383 | $3.08B | $24,390 | $146M | — | $23.8M |
| 2010 | 127,038 | $3.23B | $25,439 | $144M | — | $21.7M |
| 2009 | 126,656 | $3.06B | $24,169 | $150M | — | $25.6M |
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$2,932,958,441
- Employer contributions$205,513,689
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$205,513,689
- Total income, including investment results$450,600,859
- Benefits paid$447,671,965
- Administrative expenses$43,308,612
- Total expenses$490,980,577
- Net income−$40,379,718
- Net transfers$0
- Net assets, end of year$2,892,578,723
Participants
- Active participants39,903
- Retired or separated, receiving benefits37,686
- Retired or separated, entitled to future benefits46,361
- Total participants, end of year130,691
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| UFCW Group Administation LLC | Plan Administrator | $6,527,307 | $0 |
| Alcentra | — | $0 | $2,263,379 |
| Pinnacle Asset Management | Investment management | $0 | $1,229,715 |
| Kayne Anderson Capital Advisors, LP | Investment management | $0 | $889,826 |
| Eide Bailly LLP | Accounting (including auditing) | $817,398 | $0 |
| New England Pension Consultants LLC | Investment advisory (plan) | $715,582 | $0 |
| Northern Trust | Custodial (securities) | $639,742 | $0 |
| Horizon Actuarial Services | Consulting (pension) | $624,524 | $0 |
| Health Velocity Capital II, LP | Investment management | $0 | $429,224 |
| Segal Company | Actuarial | $404,699 | $0 |
| All Springs (Wells Capital) | Investment management | $339,010 | $20,611 |
| JP Morgan Investment Management Inc. | Investment management | $303,507 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 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
- Investment advisory and management fees$25,510,758
- Other administrative expenses$8,377,852
- Contract administrator fees$6,527,307
- Actuarial fees$1,059,337
- Recordkeeping fees$663,405
- Trustee and custodial fees$639,742
- Legal fees$229,763
- IQPA audit fees$153,993
- Other trustee fees and expenses$146,455
- Total administrative expenses$43,308,612
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.
- Partnership/joint venture interests$1.22B · 41.8%
- Other investments$654M · 22.4%
- Common/collective trusts$495M · 16.9%
- Corporate stocks$216M · 7.4%
- Receivables$168M · 5.8%
- 103-12 investment entities$111M · 3.8%
- Real estate$29.9M · 1.0%
- Pooled separate accounts$13.9M · 0.5%
- Cash (interest and non-interest bearing)$13.5M · 0.5%
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
1BBenefits are primarily flat dollar (includes dollars per year of service)1HPlan covered by PBGC that was terminated and closed out for PBGC purposes
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 |
|---|---|---|---|---|
| Southern California UFCW Unions and Food Employers Joint Pension Trust Fund | Board of Trustees, So Ca UFCW Unions & Food Employers | 199,927 | $6.49B | $32,464 |
| Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund | Board of Trustees, Southern California United Food | 26,295 | $926M | $35,223 |
| UFCW Pharmacists, Clerks, and Drug Employer's Pension Trust | UFCW Pharmacists, Clerks, and Drug Employer's Pension Trust | 10,074 | $183M | $18,206 |
| Bashas' Employees Defined Benefit Pension Plan and Trust | Raley's Arizona LLC | 4,265 | $127M | $29,888 |
| Smart & Final Pension Plan | Smart & Final Pension Plan | 3,875 | $169M | $43,555 |
| Raley's Pension Plan | Raley's | 2,834 | $315M | $111,227 |
Defined benefit plans in retail trade closest in size.
Questions and answers
How big is UFCW No. California Employers Joint Pension Plan?
130,691 participants at the end of the plan year ending 31 Dec 2024, of whom 39,903 were active employees, with net assets of $2,892,578,723. 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, UFCW No. California Employers Joint Pension Plan contribute per participant?
The filing reports $205,513,689 in employer contributions for the year, which is $5,150 per active participant; the median for plans of the same type and size was $6,524 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 $17,259,048 in compensation to service provider organisations, $132 per participant or 0.60% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $43,308,612. 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 Employers Joint Pension Plan. Recordkeeping or administration: UFCW Group Administation LLC. Investment advisory or management: Pinnacle Asset Management, Kayne Anderson Capital Advisors, LP and New England Pension Consultants LLC. 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 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 94-6313554, 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.