Plan Ledger DOL Form 5500 · updated monthly

Ustc United States Technologies Communications Corp401(k)

USTC GROUP 401(K) PLAN · EDISON, NJ · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Ustc United States Technologies Communications Corp reported $56,420 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,457 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 rose from 0.13% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 978th-largest of 2,419 plans among New Jersey employers on file, and the 4,999th of 11,654 in professional & technical services. In 2023, employees put in $2.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,397,510
Participants with balances382
Active participants430
Employer contributions$626,685
Employee contributions$1,700,348
Employer contribution per active participant$1,457
Average account balance$61,250
Benefits paid to participants$4,600,482
Plan auditUnmodified (clean) audit opinion
AuditorPOOLER CPA GROUP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 387 accts · $521K emplr
2023$23.4M · 382 accts · $627K emplr
2022$21.7M · 420 accts · $207K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,392
Investment management$25,852
Total administrative$56,420
The Ustc United States Technologies Communications Corp 401(k) match · 2023
Employer contribution per active participant$1,457
Median for plans this size$2,440
2024$1,501 per active participant
2023$1,457 per active participant
2022$452 per active participant

Ustc United States Technologies Communications Corp's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,568
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$25,852

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$73,345 · 0.33%
2023$56,420 · 0.25%
2022$15,987 · 0.13%
Same employer
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Labvantage Solutions, Inc NJ$23.8M · 0.01%
Sovereign Consulting Inc. NJ$23.7M · 0.09%
Ellkay LLC NJ$23.6M · 0.53%
Metropolitan Foods Inc NJ$23.3M · 0.61%
Mww Group LLC NJ$23.1M · 0.00%
Micro Strategies, Inc NJ$22.9M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300943214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.