Union Bank & Trust Company 401(k) Review & Grade
Union Bank & Trust Company Profit Sharing Plan
Lincoln, NEFinance & Insurance1,132 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,814Employer $ per active participant
$6,865Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$268.5MNet plan assets, end of year
$167,603Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost24.4 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 98th |
| Employee saving | 48th |
| 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
- Union Bank & Trust put in about $5,814 per active participant, more than the typical peer ($3,606). 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.
- 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 | $6,583,951 |
| Participant (employee) contributions | $7,774,520 |
| Other contributions (incl. rollovers in) | $1,767,172 |
| Administrative expenses paid from the plan | $28,505 |
| Benefits paid out | $13,912,268 |
| Net assets, start / end of year | $234.2M / $268.5M |
| Active participants, start / end of year | 1,164 / 1,101 |
| Participants with account balances | 1,602 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company |
| Employer stock held by plan | $10,774,493 |
Largest service providers (Schedule C)
| Lutz & Company, PC | $19,000 reported compensation |
| Union Bank & Trust Company | $9,505 reported compensation |
| Matrix Clearence and Settlement | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250710135554NAL0009234944001, received 2025-07-10, EIN 47-0321480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.