Plan Ledger DOL Form 5500 · updated monthly

United Utility Services, LLC401(k)

UNITED UTILITY SERVICES 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

United Utility Services, LLC reported $197,110 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,440 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 0.85% to 0.70%. 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 543rd-largest of 2,005 plans among North Carolina employers on file, and the 1,486th of 5,337 in construction. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 334 to 1,410 since 2022.

Plan summary
Net assets, end of year$31,311,178
Participants with balances906
Active participants1,410
Employer contributions$3,440,771
Employee contributions$5,805,937
Employer contribution per active participant$2,440
Average account balance$34,560
Benefits paid to participants$6,917,734
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.3M · 906 accts · $3.4M emplr
2023$25.3M · 824 accts · $3.0M emplr
2022$13.3M · 254 accts · $873K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,110
Total administrative$197,110
The United Utility Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,440
Median for plans this size$2,416
2024$2,440 per active participant
2023$2,064 per active participant
2022$2,614 per active participant

United Utility Services, LLC's 2024 employer contribution ran above 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$103,703
THE HASLAUER GROUP, INC. · Contract administrator$46,610
EMPOWER ADVISORY GROUP, LLC · Investment management$8,667

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$197,110 · 0.70%
2023$93,432 · 0.48%
2022$93,590 · 0.85%
Same employer
Similar plansConstruction · North Carolina
Ac Corporation NC$33.2M · 0.15%
Ruston Paving Company, Inc. NC$33.2M · 0.25%
McGee Brothers Co., Inc. NC$32.6M · 0.23%
T. a. Loving Company NC$30.1M · 0.31%
Landmark Builders, Inc. NC$28.6M · 0.44%
Wayne Brothers, Inc. NC$27.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823772718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.