Board of Trustees UFCW Local 342 Savings and 401(k) retirement plan: assets, participants and fees
What Board of Trustees UFCW Local 342 Savings and 401(k)'s retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ufcw Local 342 Welfare Fund | Schedule C ↗ |
| Independent auditor | Novak Francella, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Board of Trustees UFCW Local 342 Savings and 401(k): employer contribution per participant | $626 | |
| Peer median | $1,215 |
| Board of Trustees UFCW Local 342 Savings and 401(k): average balance | $10,327 | |
| Peer median | $48,539 |
| Board of Trustees UFCW Local 342 Savings and 401(k): admin expenses ÷ assets | 1.07% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $111M at the end of plan year 2023 to $124M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 12,041 | $124M | $7.5M | $626 | 1.07% | Not published | Form 5500 ↗ |
| 2023 | 10,349 | $111M | $7.6M | $733 | 1.50% | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees UFCW Local 342 Savings and 401(k) match 401(k) contributions?
The match terms for the Ufcw Local 342 Savings and 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $7.5M in employer contributions, about $626 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees UFCW Local 342 Savings and 401(k) 401(k) match vested?
The vesting schedule for the Ufcw Local 342 Savings and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees UFCW Local 342 Savings and 401(k) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Ufcw Local 342 Welfare Fund. The plan administrator is Board of Trustees Ufcw Local 342 Savings and 401(k).
I left Board of Trustees UFCW Local 342 Savings and 401(k). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Board of Trustees Ufcw Local 342 Savings and 401(k), (516) 747-5980) or the recordkeeper, Ufcw Local 342 Welfare Fund. The Board of Trustees UFCW Local 342 Savings and 401(k) old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees UFCW Local 342 Savings and 401(k) 401(k)
Data from the public Form 5500 annual reports Board of Trustees UFCW Local 342 Savings and 401(k) filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Board of Trustees UFCW Local 342 Savings and 401(k). Not financial advice. Report a correction · Methodology