Plan Ledger DOL Form 5500 · updated monthly

United Employee Services, Inc.401(k)

UNITED EMPLOYEE SERVICES 401(K) RETIREMENT SAVINGS PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

United Employee Services, Inc. reported $153,665 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~90% of peers. Employer contributions averaged $942 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 fell from 1.37% to 1.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,161st-largest of 3,644 plans among Florida employers on file, and the 643rd of 2,534 in administrative & support services. In 2024, employees put in $2.41 for every $1.00 the employer contributed; active participation has grown from 515 to 708 since 2022.

Plan summary
Net assets, end of year$18,959,428
Participants with balances496
Active participants708
Employer contributions$667,067
Employee contributions$1,604,589
Employer contribution per active participant$942
Average account balance$38,225
Benefits paid to participants$3,535,771
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 496 accts · $667K emplr
2023$9.7M · 454 accts · $366K emplr
2022$5.1M · 515 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$144,853
Investment management$7,612
Total administrative$153,665
The United Employee Services, Inc. 401(k) match · 2024
Employer contribution per active participant$942
Median for plans this size$2,416
2024$942 per active participant
2023$717 per active participant
2022$533 per active participant

United Employee Services, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
SOUNDERS FINANCIAL ADVISORS · Investment advisory (participants)$10,319
HIGHLAND CONSULTING$5,566
AMERICAN PENSION SERVICES, LLC · Other servicesindirect comp

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$153,665 · 1.07%
2023$104,664 · 1.42%
2022$68,362 · 1.37%
Similar plansAdministrative & Support Services · Florida
Himagine Solutions, Inc. FL$19.2M · 0.50%
Stratus Peo 1 LLC FL$17.7M · 0.10%
Youth Co-Op, Inc. FL$17.5M · 0.59%
Worksite, LLC. FL$17.3M · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593335577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.