Plan Snapshot
- Plan Sponsor: Ufcw Local 312 Benefit Fund
- Sponsor EIN: 111889115
- Sponsor Address: 400 STATE ROUTE 34, SUITE D, MATAWAN, NJ, 07747
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,659
- Total Assets: $1.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 4,659 | $1.7M | $0 | $0 |
| 2024 | 3,946 | $1.6M | $2.0M | $277 |
| 2023 | 4,114 | $1.4M | $1.7M | $651 |
| 2022 | 3,949 | $1.6M | $1.7M | $993 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| 400 ROUTE 34, LLC | Other Service Provider | $105,370 | — | $105,370 |
| SAVERIO LASORSA | Other Service Provider | $46,000 | — | $46,000 |
| O'BRIEN BELLAND & BUSHINSKY LLC | Other Service Provider | $45,000 | — | $45,000 |
| VINCENT N. FALCETANO, JR. ESQ. | Other Service Provider | $30,000 | — | $30,000 |
| MSPC | Other Service Provider | $26,500 | — | $26,500 |
| MML INVESTORS SERVICES, LLC | Other Service Provider | $10,383 | — | $10,383 |
| FNA INSURANCE SERVICES | Other Service Provider | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $273,253
- Estimated Expense Ratio: 15.718% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,918,499 | $10,383 | — | $26,500 | — |
| 2024 | $1,028,314 | $9,868 | — | $25,000 | — |
| 2023 | $1,099,927 | $9,237 | — | $25,000 | — |
| 2022 | $971,377 | $8,220 | — | — | $97,000 |