Plan Ledger DOL Form 5500 · updated monthly

United Group Services, Inc.401(k)

UNITED GROUP SERVICES, INC. 401(K) PROFIT SHARING PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

United Group Services, Inc. reported $63,798 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $846 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 0.39% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,109th-largest of 3,295 plans among Ohio employers on file, and the 1,717th of 5,337 in construction. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has grown from 312 to 738 since 2022.

Plan summary
Net assets, end of year$25,401,396
Participants with balances524
Active participants738
Employer contributions$624,661
Employee contributions$1,486,416
Employer contribution per active participant$846
Average account balance$48,476
Benefits paid to participants$1,948,970
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & COMPANY LTD
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 524 accts · $625K emplr
2023$21.7M · 327 accts · $487K emplr
2022$17.4M · 359 accts · $416K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,798
Total administrative$63,798
The United Group Services, Inc. 401(k) match · 2024
Employer contribution per active participant$846
Median for plans this size$2,416
2024$846 per active participant
2023$1,823 per active participant
2022$1,334 per active participant

United Group 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,798

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$63,798 · 0.27%
2023$58,111 · 0.30%
2022$75,566 · 0.39%
Same employer
Similar plansConstruction · Ohio
Sims-Lohman, Inc. OH$25.8M · 0.65%
The Ruhlin Company OH$25.6M · 0.24%
The Brewer-Garrett Company OH$24.6M · 0.37%
Smoot Corporation OH$24.5M · 0.07%
Donley Companies, Inc. OH$24.2M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 311035659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.