Plan Ledger DOL Form 5500 · updated monthly

United Electric Controls Company401(k)

UNITED ELECTRIC CONTROLS 401(K) PLAN · WATERTOWN, MA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

United Electric Controls Company reported $68,575 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,476 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 0.10% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 653rd-largest of 2,726 plans among Massachusetts employers on file, and the 2,913th of 13,661 in manufacturing. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,575,961
Participants with balances286
Active participants233
Employer contributions$809,969
Employee contributions$1,938,672
Employer contribution per active participant$3,476
Average account balance$194,322
Benefits paid to participants$2,498,413
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$55.6M · 286 accts · $810K emplr
2023$49.0M · 286 accts · $790K emplr
2022$44.2M · 293 accts · $750K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$43,575
Total administrative$68,575
The United Electric Controls Company 401(k) match · 2024
Employer contribution per active participant$3,476
Median for plans this size$3,635
2024$3,476 per active participant
2023$3,420 per active participant
2022$3,138 per active participant

United Electric Controls Company's 2024 employer contribution ran below the $3,635 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 · 20243
MCGLADREY LLP · Accounting / audit$43,575
PINNACLE PENSION CONSULTANTS LLC$25,000

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$68,575 · 0.13%
2023$25,000 · 0.05%
2022$47,331 · 0.10%
Same employer
Similar plansManufacturing · Massachusetts
Ufp Technologies, Inc. MA$56.1M · 0.37%
Agenus Inc. MA$52.7M · 0.03%
Chase Corporation MA$52.3M · 0.25%
Harvard Bioscience, Inc. MA$49.7M · 0.07%
Twin Rivers Technologies MA$49.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041923170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.