Plan Ledger DOL Form 5500 · updated monthly

Uctie International Union401(k)

UCTIE INTERNATIONAL UNION 401(K) SAVINGS PLAN · DOUGLASTON, NY · plan year 2024

Reported admin expense ratio · 2024
2.57%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Uctie International Union reported $439,153 in plan administrative expenses for 2024: 2.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,107 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 1.38% to 2.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,716th-largest of 5,648 plans among New York employers on file, and the 1,155th of 3,341 in other services. In 2024, the employer put in $4.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,581,991
Participants with balances1,022
Active participants796
Employer contributions$1,677,379
Employee contributions$412,178
Employer contribution per active participant$2,107
Average account balance$17,204
Benefits paid to participants$2,481,289
Plan auditUnmodified (clean) audit opinion
AuditorCASTIGLIA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 1,022 accts · $1.7M emplr
2023$16.7M · 1,010 accts · $1.4M emplr
2022$16.8M · 1,220 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$199,041
Audit (IQPA)$20,000
Total administrative$439,153
The Uctie International Union 401(k) match · 2024
Employer contribution per active participant$2,107
Median for plans this size$2,416
2024$2,107 per active participant
2023$1,677 per active participant
2022$3,392 per active participant

Uctie International Union's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
ROBERT ALLGIER · Recordkeeping$6,000
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$100,511
LINCOLN NATIONAL CORPORATION · Contract administrator$91,780
GORLICK, KRAVITZ, & LISTHAUS · Legal$74,483
CASTIGLIA LLP · Accounting / audit$20,000
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$439,153 · 2.57%
2023$219,143 · 1.31%
2022$247,625 · 1.38%
Similar plansOther Services · New York
Center for Alternative NY$18.6M · 0.81%
Bestpass Inc NY$17.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200485151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.