Plan Ledger DOL Form 5500 · updated monthly

United Automobile Insurance Company401(k)

UNITED AUTOMOBILE HOLDINGS 401(K) PLAN · MIAMI GARDENS, FL · plan year 2022

Reported admin expense ratio · 2022
0.41%

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

United Automobile Insurance Company reported $120,377 in plan administrative expenses for 2022: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,413 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 3 years on file its reported administrative ratio has held roughly steady near 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 894th-largest of 3,644 plans among Florida employers on file, and 2,582nd of 4,798 in finance & insurance. In 2022, employees put in $2.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,947,814
Participants with balances407
Active participants443
Employer contributions$625,768
Employee contributions$1,643,302
Employer contribution per active participant$1,413
Average account balance$66,211
Benefits paid to participants$2,688,476
Plan auditUnmodified (clean) audit opinion
AuditorFLEITES & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 368 accts · $540K emplr
2023$24.0M · 365 accts · $487K emplr
2022$26.9M · 407 accts · $626K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$120,377
Total administrative$120,377
The United Automobile Insurance Company 401(k) match · 2022
Employer contribution per active participant$1,413
Median for plans this size$2,266
2024$1,199 per active participant
2023$1,165 per active participant
2022$1,413 per active participant

United Automobile Insurance Company's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$102,742 · 0.42%
2023$105,320 · 0.41%
2022$120,377 · 0.41%
Similar plansFinance & Insurance · Florida
Eglin Federal Credit Union FL$28.7M · 0.36%
Ned Davis Research, Inc. FL$26.7M · 0.01%
Hci Group, Inc. FL$26.5M · 0.01%
Bradesco Bank FL$26.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650145688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.