Ukg Inc. 401(k) Review & Grade
Ukg Retirement Savings Plan
Weston, FLProfessional, Scientific & Technical Services9,850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,487Employer $ per active participant
$13,595Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$171,403Average balance per account
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 72th |
| Employee saving | 78th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,288 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ukg put in about $5,487 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.
- 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 | $54,047,621 |
| Participant (employee) contributions | $133,907,543 |
| Other contributions (incl. rollovers in) | $16,488,398 |
| Administrative expenses paid from the plan | $1,199,650 |
| Benefits paid out | $343,403,206 |
| Net assets, start / end of year | $1.9B / $2.0B |
| Active participants, start / end of year | 10,871 / 8,828 |
| Participants with account balances | 11,537 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gray, Gray, & Gray, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $1,099,650 reported compensation |
| Fiducient Advisors LLC | $70,000 reported compensation |
| Gray Gray & Gray LLP | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014185837NAL0001761139001, received 2025-10-14, EIN 65-0694077, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.