Ug2, LLC 401(k) Review & Grade
Ug2, LLC 401(k) Retirement Plan
Boston, MAAdministrative, Support & Staffing Services3,766 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$351Employer $ per active participant
$939Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$29.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 25th |
| Employee saving | 42th |
| Peers that auto-enroll | 22% |
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
- Ug2 put in about $351 per active participant, more than the typical peer ($342). 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.
- Direct plan expenses (0.28% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,320,724 |
| Participant (employee) contributions | $3,536,986 |
| Other contributions (incl. rollovers in) | $1,612,925 |
| Administrative expenses paid from the plan | $72,820 |
| Contract administrator fees | $15,665 |
| Investment advisory & management fees | $55,650 |
| Benefits paid out | $2,299,004 |
| Net assets, start / end of year | $22.0M / $29.8M |
| Active participants, start / end of year | 4,998 / 2,534 |
| Participants with account balances | 526 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Benefit Plans Admin Services | $72,820 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001091452NAL0012973841001, received 2025-10-01, EIN 46-1581160, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.