Ultimus Fund Solutions, LLC 401(k) Review & Grade
Ultimus Fund Solutions, LLC Retirement & Profit Sharing Plan
Cincinnati, OHFinance & Insurance976 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,566Employer $ per active participant
$7,591Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$87.0MNet plan assets, end of year
$75,545Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 44th |
| Employee saving | 56th |
| Peers that auto-enroll | 62% |
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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
- Ultimus Fund Solutions put in about $3,566 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $3,481,913 |
| Participant (employee) contributions | $7,412,631 |
| Other contributions (incl. rollovers in) | $1,307,181 |
| Administrative expenses paid from the plan | $218,543 |
| Investment advisory & management fees | $141,014 |
| Other admin expenses | $20,427 |
| Benefits paid out | $6,799,054 |
| Net assets, start / end of year | $71.3M / $87.0M |
| Active participants, start / end of year | 928 / 1,025 |
| Participants with account balances | 1,151 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Pca Investment Advisory Services | $141,014 reported compensation |
| Pension Corporation of America | $58,643 reported compensation |
| Cassady Schiller & Associates, Inc. | $18,886 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250804130453NAL0000993457001, received 2025-08-04, EIN 31-1663251, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.