Plan Ledger DOL Form 5500 · updated monthly

UNIT4 Business Software, Inc.401(k)

UNIT4 401(K) PLAN · DELRAY BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

UNIT4 Business Software, Inc. reported $43,700 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,188 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 0.19% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,489th-largest of 3,644 plans among Florida employers on file, and 7,051st of 11,654 in professional & technical services. In 2024, employees put in $3.68 for every $1.00 the employer contributed; active participation has shrunk from 163 to 100 since 2022.

Plan summary
Net assets, end of year$13,160,107
Participants with balances177
Active participants100
Employer contributions$218,841
Employee contributions$805,012
Employer contribution per active participant$2,188
Average account balance$74,351
Benefits paid to participants$1,438,234
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 177 accts · $219K emplr
2023$11.7M · 158 accts · $372K emplr
2022$10.1M · 192 accts · $532K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,146
Investment management$24,554
Total administrative$43,700
The UNIT4 Business Software, Inc. 401(k) match · 2024
Employer contribution per active participant$2,188
Median for plans this size$2,416
2024$2,188 per active participant
2023$2,838 per active participant
2022$3,263 per active participant

UNIT4 Business Software, Inc.'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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$19,146
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$24,554

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,700 · 0.35%
2023$39,109 · 0.36%
2022$23,995 · 0.19%
Similar plansProfessional & Technical Services · Florida
Hall Communications, Inc. FL$13.4M · 0.16%
Fja-Us, Inc. FL$13.4M · 0.40%
Modcomp, Inc. FL$13.2M · 0.29%
Gen Media Partners LLC FL$13.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043461317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.