What are the fees in the Union State Bank 401(k) plan?

For plan year 2022, Union State Bank reported $10,462 in plan administrative expenses, or 0.26% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Union State Bank 401(k)?

The average participant account balance was $46,563 for plan year 2022, based on 82 accounts.

Union State Bank401(k)

Name: Union State Bank 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

UNION STATE BANK 401(K) PROFIT SHARING PLAN · PELL CITY, AL · plan year 2022

Reported admin expense ratio · 2022

0.26%

Union State Bank reported $10,462 in plan administrative expenses for 2022: 0.26% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Alabama (689th of 902), and 4,535th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$3,818,182
Participants with balances82
Active participants76
Employer contributions—
Employee contributions$146,870
Employer contribution per active participant—
Average account balance$46,563
Benefits paid to participants$160,631
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM, LLC

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$10,462 · 0.26%

Same employer

Union State Bank's health & benefits plan: carriers, premiums & broker pay

Similar plansFinance & Insurance · Alabama
West Alabama Bank & Trust AL$10.8M · 0.51%
Legacy Community Federal Credit Union AL$7.2M · 0.25%
First Southern State Bank AL$5.4M · 0.84%
Cefco National Claims Services, Inc. AL$4.9M · 1.62%
Gil's Auto Sales AL$2.9M · 0.10%
Hutcheson Enterprises, Inc. AL$2.1M · 0.28%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 630215110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.