Plan Ledger DOL Form 5500 · updated monthly

United Telephone Company401(k)

UNITED TELEPHONE COMPANY 401(K) PLAN · CHAPEL HILL, TN · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

United Telephone Company reported $41,149 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $1,839 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 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Tennessee (867th of 1,496), and 334th of 412 in utilities. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 151 to 188 since 2022.

Plan summary
Net assets, end of year$9,204,301
Participants with balances130
Active participants188
Employer contributions$345,810
Employee contributions$777,645
Employer contribution per active participant$1,839
Average account balance$70,802
Benefits paid to participants$895,244
Plan auditUnmodified (clean) audit opinion
AuditorJASKSON THORNTON CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 130 accts · $346K emplr
2023$7.8M · 124 accts · $321K emplr
2022$6.3M · 100 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,918
Investment management$18,231
Total administrative$41,149
The United Telephone Company 401(k) match · 2024
Employer contribution per active participant$1,839
Median for plans this size$1,313
2024$1,839 per active participant
2023$1,867 per active participant
2022$1,785 per active participant

United Telephone Company's 2024 employer contribution ran above the $1,313 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
HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$13,050
CBIZ INVESTMENT ADVISORY · Investment advisory (participants)$18,231

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024HANCOCK LIFE INSURANCE COMPANY
2023HANCOCK LIFE INSURANCE COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,149 · 0.49%
2023$33,289 · 0.47%
2022$33,287 · 0.50%
Same employer
Similar plansUtilities · Tennessee
Holston Gases, Inc. TN$31.1M · 0.77%
Southwest Tennessee Emc TN$16.5M · 0.55%
Reliance Energy Inc TX$9.7M · 0.43%
Spiniello Companies NJ$9.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620448502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.