Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P retirement plan: assets, participants and fees
What Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P'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 | Legacy Professionals LLP | 2023 Schedule C ↗ |
| Independent auditor | Legacy Professionals LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 39 pension plans in wholesale trade with 1,000 to 4,999 participants.
| Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P: employer contribution per participant | $4,480 | |
| Peer median | $2,516 |
| Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P: average balance | $113,517 | |
| Peer median | $69,356 |
| Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P: admin expenses ÷ assets | 0.52% | |
| Peer median | 0.75% |
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 $130M at the end of plan year 2021 to $170M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,498 | $170M | $6.7M | $4,480 | 0.52% | Not published | Form 5500 ↗ |
| 2023 | 1,495 | $152M | $6.2M | $4,165 | 0.57% | Not published | Form 5500 ↗ |
| 2022 | 1,490 | $132M | $5.9M | $3,951 | 0.59% | Not published | Form 5500 ↗ |
| 2021 | 1,494 | $130M | $5.2M | $3,512 | 0.64% | Not published | Form 5500 ↗ |
Common questions
Does Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P match 401(k) contributions?
The match terms for the Local 703, I.B of T., Grocery & Food Employees' Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $6.7M in employer contributions, about $4,480 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P 401(k) match vested?
The vesting schedule for the Local 703, I.B of T., Grocery & Food Employees' Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Legacy Professionals LLP. The plan administrator is Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P.
I left Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P, (630) 472-0626) or the recordkeeper, Legacy Professionals LLP. The Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P old 401(k) page lists the contacts from every plan filing. Find an old Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P 401(k)
Data from the public Form 5500 annual reports Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Trustees of Local 703, I.B. of T., Grocery & Food Employees' Pension P. Not financial advice. Report a correction · Methodology