Ugi Utilities, Inc. 401(k) Review & Grade
Ugi Utilities, Inc. Savings Plan
Denver, PAUtilities2,728 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,446Employer $ per active participant
$8,505Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$617.6MNet plan assets, end of year
$177,767Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 82th |
| Employee saving | 32th |
| Peers that auto-enroll | 82% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,881 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ugi Utilities put in about $4,446 per active participant, below the typical peer ($6,490). 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 | $12,126,520 |
| Participant (employee) contributions | $23,198,253 |
| Other contributions (incl. rollovers in) | $2,068,685 |
| Administrative expenses paid from the plan | $252,154 |
| Other admin expenses | $252,154 |
| Benefits paid out | $66,501,720 |
| Net assets, start / end of year | $552.0M / $617.6M |
| Active participants, start / end of year | 2,750 / 2,705 |
| Participants with account balances | 3,474 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
| Employer stock held by plan | $22,014,154 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $113,662 reported compensation |
| Strategic Advisors, Inc. | $100,521 reported compensation |
| Mercer Investments LLC | $26,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630075711NAL0006499859001, received 2025-06-30, EIN 23-1174060, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.