Unum Group 401(k) Review & Grade
Unum Group 401k Retirement Plan
Portland, MEFinance & Insurance9,432 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,215Employer $ per active participant
$7,416Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$2.5BNet plan assets, end of year
$195,672Average balance per account
Score breakdown
- Employer generosity41.7 / 5083th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 69th |
| Employee saving | 38th |
| Peers that auto-enroll | 66% |
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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
- Unum Group put in about $8,215 per active participant, more than the typical peer ($4,489). 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 | $77,487,220 |
| Participant (employee) contributions | $69,951,187 |
| Other contributions (incl. rollovers in) | $9,637,843 |
| Administrative expenses paid from the plan | $1,579,086 |
| Investment advisory & management fees | $1,084,821 |
| Other admin expenses | $7,500 |
| Benefits paid out | $200,747,653 |
| Net assets, start / end of year | $2.2B / $2.5B |
| Active participants, start / end of year | 9,451 / 9,413 |
| Participants with account balances | 12,674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
| Employer stock held by plan | $36,269,473 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc | $1,084,821 reported compensation |
| Fidelity Inv. Inst. Ops. Co | $382,815 reported compensation |
| Verrill & Dana | $103,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930083001NAL0012974416001, received 2025-09-30, EIN 62-1598430, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.