Ul LLC 401(k) Review & Grade
Ul Financial Security Plan
Northbrook, ILProfessional, Scientific & Technical Services5,476 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,958Employer $ per active participant
$12,613Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$237,049Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 78th |
| Employee saving | 72th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ul put in about $7,958 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $43,578,000 |
| Participant (employee) contributions | $69,071,000 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $951,000 |
| Investment advisory & management fees | $647,841 |
| Benefits paid out | $139,549,000 |
| Net assets, start / end of year | $1.7B / $2.0B |
| Active participants, start / end of year | 5,384 / 5,568 |
| Participants with account balances | 8,269 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $647,841 reported compensation |
| Fidelity Investments Institutional | $287,549 reported compensation |
| Seyfarth Shaw LLP | $15,610 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014183256NAL0004797872001, received 2025-10-14, EIN 94-3282454, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.