Plan Ledger DOL Form 5500 · updated monthly

United Payroll, LLC401(k)

THE UNITED GROUP OF COMPANIES, INC. EMPLOYEE SAVINGS TRUST · TROY, NY · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

United Payroll, LLC reported $20,901 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,856 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 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (3,188th of 5,648), and the 931st of 2,096 in real estate & leasing. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 131 to 188 since 2022.

Plan summary
Net assets, end of year$13,091,643
Participants with balances230
Active participants188
Employer contributions$348,881
Employee contributions$648,412
Employer contribution per active participant$1,856
Average account balance$56,920
Benefits paid to participants$2,163,810
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 230 accts · $349K emplr
2023$12.6M · 213 accts · $322K emplr
2022$10.5M · 217 accts · $379K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,901
Total administrative$20,901
The United Payroll, LLC 401(k) match · 2024
Employer contribution per active participant$1,856
Median for plans this size$2,416
2024$1,856 per active participant
2023$2,515 per active participant
2022$2,895 per active participant

United Payroll, LLC's 2024 employer contribution ran below 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
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants) · Investment advisory (plan)indirect comp
ASCENSUS · 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$20,901 · 0.16%
2023$15,563 · 0.13%
2022$16,584 · 0.17%
Similar plansReal Estate & Leasing · New York
Grenadier Realty Corp NY$13.5M · 0.52%
Thor Equities, LLC NY$11.8M · 0.57%
Relo Redac, Inc. NY$11.7M · 0.96%
Aion Management, LLC NY$11.3M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141833429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.