Plan Ledger DOL Form 5500 · updated monthly

United Ability, Inc.403(b)

UNITED ABILITY, INC. 403(B) RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

United Ability, Inc. reported $42,166 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,038 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 0.54% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Alabama (514th of 902), and 1,847th of 3,341 in other services. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 155 to 265 since 2022.

Plan summary
Net assets, end of year$8,156,821
Participants with balances165
Active participants265
Employer contributions$275,061
Employee contributions$450,263
Employer contribution per active participant$1,038
Average account balance$49,435
Benefits paid to participants$67,613
Plan auditUnmodified (clean) audit opinion
AuditorPEARCE, BEVILL, LEESBURG, MOORE, P.
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 165 accts · $275K emplr
2023$6.2M · 152 accts · $244K emplr
2022$5.6M · 136 accts · $191K emplr
Administrative expenses, itemized · 2024
Investment management$42,166
Total administrative$42,166
Employer contributions to the United Ability, Inc. plan · 2024
Employer contribution per active participant$1,038
Median for plans this size$1,313
2024$1,038 per active participant
2023$975 per active participant
2022$1,235 per active participant

United Ability, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$42,166 · 0.59%
2023$33,915 · 0.57%
2022$33,560 · 0.54%
Same employer
Similar plansOther Services · Alabama
Equal Justice Initiative AL$9.0M · 0.79%
Clearwater Solutions, LLC AL$7.2M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630307960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.