Unitil Corporation 401(k) Review & Grade
Unitil Corporation Tax Deferred Savings and Investment Plan
Hampton, NHUtilities534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,397Employer $ per active participant
$11,438Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$156.2MNet plan assets, end of year
$215,492Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 68th |
| Employee saving | 57th |
| Peers that auto-enroll | 76% |
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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
- Unitil put in about $8,397 per active participant, more than the typical peer ($6,264). 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 | $4,479,625 |
| Participant (employee) contributions | $6,102,070 |
| Other contributions (incl. rollovers in) | $515,687 |
| Administrative expenses paid from the plan | $188,830 |
| Contract administrator fees | $98,980 |
| Investment advisory & management fees | $66,389 |
| Benefits paid out | $13,247,738 |
| Net assets, start / end of year | $138.4M / $156.2M |
| Active participants, start / end of year | 521 / 546 |
| Participants with account balances | 725 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Berry Dunn Mcneil & Parker LLC |
| Employer stock held by plan | $11,648,086 |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $128,830 reported compensation |
| Global Retirement Partners LLC | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729063710NAL0005200626001, received 2025-07-29, EIN 02-0381573, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.