Plan Ledger DOL Form 5500 · updated monthly

United Community & Family Serv401(k)

UNITED COMMUNITY & FAMILY SERVICES, INC. 401(K) PLAN · NORWICH, CT · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

United Community & Family Serv reported $236,682 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,298 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 0.52% to 0.73%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 389th-largest of 1,106 plans among Connecticut employers on file, and the 2,540th of 11,911 in health care & social assistance. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves; active participation has shrunk from 420 to 343 since 2022.

Plan summary
Net assets, end of year$33,788,589
Participants with balances589
Active participants343
Employer contributions$1,131,245
Employee contributions$1,115,687
Employer contribution per active participant$3,298
Average account balance$57,366
Benefits paid to participants$3,667,514
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 589 accts · $1.1M emplr
2023$30.7M · 586 accts · $1.2M emplr
2022$27.3M · 582 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,828
Investment management$62,854
Total administrative$236,682
The United Community & Family Serv 401(k) match · 2024
Employer contribution per active participant$3,298
Median for plans this size$2,416
2024$3,298 per active participant
2023$3,377 per active participant
2022$2,635 per active participant

United Community & Family Serv's 2024 employer contribution ran above 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
LPL FINANCIAL · Investment advisory (plan)$62,854

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$236,682 · 0.73%
2023$205,822 · 0.71%
2022$158,358 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Jewish Senior Services CT$32.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060653142 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.