United Community Banks, Inc. 401(k) Review & Grade
United Community Banks, Inc. 401(k) Plan
Blairsville, GAFinance & Insurance3,135 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,587Employer $ per active participant
$6,038Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$295.2MNet plan assets, end of year
$82,478Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 62th |
| Employee saving | 21th |
| Peers that auto-enroll | 66% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- United Community Banks put in about $3,587 per active participant, below the typical peer ($4,489). 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.
- 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 | $11,243,923 |
| Participant (employee) contributions | $18,930,026 |
| Other contributions (incl. rollovers in) | $2,670,066 |
| Administrative expenses paid from the plan | $235,990 |
| Benefits paid out | $27,631,812 |
| Net assets, start / end of year | $254.7M / $295.2M |
| Active participants, start / end of year | 3,206 / 3,064 |
| Participants with account balances | 3,579 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $4,253,997 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $235,990 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010120313NAL0004576499001, received 2025-10-10, EIN 58-1807304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.