Plan Ledger DOL Form 5500 · updated monthly

Unity Electric Company, Inc.401(k)

UNITY INTERNATIONAL GROUP 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Unity Electric Company, Inc. reported $41,126 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3 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 0.46% to 0.40%. 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 among the smaller plans on file in New York (3,499th of 5,648), and 2,976th of 5,337 in construction. In 2024, employees put in $714.75 for every $1.00 the employer contributed; active participation has shrunk from 143 to 117 since 2022.

Plan summary
Net assets, end of year$10,799,039
Participants with balances183
Active participants117
Employer contributions$396
Employee contributions$283,040
Employer contribution per active participant$3
Average account balance$59,011
Benefits paid to participants$855,667
Plan auditUnmodified (clean) audit opinion
AuditorDAVIS, WARD & HOCHMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 183 accts · $396 emplr
2023$9.7M · 196 accts
2022$8.7M · 206 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,275
Investment management$9,000
Trustee / custodial$6,851
Total administrative$41,126
The Unity Electric Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3
Median for plans this size$2,416

Unity Electric Company, 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
MILLIMAN · Recordkeeping · Loan processing$25,275
MILLIMAN ADVISORS LLC · Investment advisory (plan)$9,000
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$6,851

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$41,126 · 0.40%
2023$31,218 · 0.34%
2022$45,511 · 0.46%
Similar plansConstruction · New York
Cci Companies, Inc. NY$10.9M · 0.39%
Bwd Mile Development LLC NY$10.8M · 0.09%
Jpw Riggers, Inc. NY$10.5M · 0.58%
Railroad Avenue Associates NY$10.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132932294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.