UFCW members, Local Unions, and Multi-Employer

57

Overview

Plan Rating

BrightScope Rating
57
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (58)
Highest in Peer Group (84)

Plan Description

UFCW members, Local Unions, and Multi-Employer 401k Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Participation Rate. UFCW members, Local Unions, and Multi-Employer 401k Plan currently has over 1,400 active participants and over $21.0M in plan assets.

Did you know?

For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (57) and the top rated plan (84) could equate to:
13
Additional years of work
163,346
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 876 Horace Brown Drive
  • Location
    Madison Heights , MI
  • 48071
  • Industry
    Supermarkets and Other Grocery (except Convenience) Stores
  • Administrator
    Daniel Pedersen
  • Net Plan Assets
    $21,000,000
  • Total Participants
    1,500
  • Avg Account Balance
    $14,000

Plan Components

Component Ratings

Design

Total Plan Cost:
High Fees
Company Generosity:
Poor

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
High Fees
Company Generosity:
Poor

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor

Peer Group Plans

Company Rating
Busch's 56.3
Crest Discount Foods 55.0
B & R Stores 53.7
Retail Investors of Texas, Ltd. 52.7
C&K Market 51.7
Adams Fairacre Farms 50.8

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

35

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Dimensional Fund Advisors Target Date Retirement Income 29%
17%
DFA US Small Cap 8%
39%
TIAA-CREF Core Bond 7%
24%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Alliance Benefit Group
Administration
Corporate Plan Administrators
Investment Adviser
Cygnet Financial Planning, Inc.
Consultant
Fiduciary Firewall Consulting
Legal Counsel
Varnum LLP
Auditor
Innes & Lotito, P.C.

Articles and Questions

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