Plan Snapshot
- Plan Sponsor: United Utility Services, LLC
- Sponsor EIN: 823772718
- Sponsor Address: 3440 TORINGDON WAY, CHARLOTTE, NC, 28277
- Plan Type: 401(k)
- Total Participants: 1,410
- Total Assets: $31.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,410 | $31.5M | $3.4M | $5.8M |
| 2023 | 1,464 | $25.4M | $3.0M | $5.1M |
| 2022 | 334 | $13.3M | $873,036 | $1.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $103,703 | — | $103,703 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $48,560 | — | $48,560 |
| THE HASLAUER GROUP, INC. | Recordkeeper | $46,610 | — | $46,610 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,667 | — | $8,667 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,540
- Estimated Expense Ratio: 0.660% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $197,110 | — | $197,110 | — | — |
| 2023 | $93,432 | — | $93,432 | — | — |
| 2022 | $93,590 | — | $93,590 | — | — |