Tennessee › Finance and insurance › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Southern District Ubc Defined Contribution Fund
Sponsored by Board of Trustees of the Southern District Ubc Defined Contribution F, Goodlettsville, TN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Southern District Ubc Defined Contribution Fund is a 401(k) plan sponsored by Board of Trustees of the Southern District Ubc Defined Contribution F of Goodlettsville, Tennessee. For the plan year ending 31 Dec 2024 it reported 51,643 participants, 51,643 of them active, and net assets of $1.24B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $23,996 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more participants and well below the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $49.7M during the year, or $962 per active participant against a same-size median of $2,417; participants contributed $355K. Benefits paid out totalled $42.0M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $1.9M: $35.89 per participant, close to the same-size median of $36.41. Administrative expenses charged to the plan were $1.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.9M in 2009 to $1.24B in 2024 (up 63612%), and participants from 1,743 to 51,643 (up 2863%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $23,996 | $62,774 | $92,294 | $53,102 |
| Employer contributions per active participant | $962 | $2,417 | $3,564 | $2,175 |
| Schedule C compensation per participant | $35.89 | $36.41 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.15% | 0.07% | 0.17% | 0.26% |
| Administrative expenses per participant | $36.85 | $38.81 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 51,643 | $1.24B | $23,996 | $49.7M | $355K | $1.9M |
| 2023 | 15,271 | $261M | $17,104 | $15.0M | $303K | $330K |
| 2022 | 16,820 | $186M | $11,050 | $15.4M | $714K | $365K |
| 2021 | 4,694 | $218M | $46,517 | $13.6M | $444K | $434K |
| 2019 | 2,776 | $15.7M | $5,652 | $1.7M | — | $122K |
| 2018 | 2,614 | $11.9M | $4,556 | $1.6M | — | $101K |
| 2017 | 2,242 | $11.1M | $4,938 | $1.2M | — | $65K |
| 2016 | 2,217 | $8.8M | $3,983 | $1.1M | — | $76K |
| 2015 | 2,153 | $7.4M | $3,418 | $1.1M | — | $67K |
| 2014 | 2,149 | $6.5M | $3,034 | $791K | — | $56K |
| 2013 | 2,010 | $5.4M | $2,697 | $667K | — | $47K |
| 2012 | 2,291 | $4.2M | $1,825 | $817K | — | $50K |
| 2011 | 2,206 | $3.1M | $1,398 | $573K | — | $46K |
| 2010 | 1,798 | $2.6M | $1,449 | $551K | — | $47K |
| 2009 | 1,743 | $1.9M | $1,116 | $333K | — | $31K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$261,196,852
- Employer contributions$49,674,974
- Participant contributions$355,273
- Rollovers and other contributions—
- Total contributions$50,030,247
- Total income, including investment results$127,608,950
- Benefits paid$42,010,994
- Administrative expenses$1,903,165
- Total expenses$43,914,159
- Net income$83,694,791
- Net transfers$894,315,864
- Net assets, end of year$1,239,207,507
Participants
- Active participants51,643
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits—
- Participants with account balances51,643
- Total participants, end of year51,643
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Southern Benefit Administrators | Contract Administrator; Other services | $528,436 | $0 |
| The Youngdahl Law Firm, P.C. | Legal | $318,010 | $0 |
| Ullico Investment Advisors | Investment management; Custodial (securities) | $229,756 | $0 |
| Crescent Credit Solutions | Custodial (securities); Investment management | $111,052 | $0 |
| Amalgamated Bank | Custodial (securities) | $109,065 | $0 |
| Loomis, Sayles & Company, L.P. | Investment management | $99,548 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $72,704 | $0 |
| American Realty Advisors | Investment management | $51,540 | $0 |
| Alan D Biller Associates, Inc. | Investment advisory (plan) | $50,000 | $0 |
| Reynolds Consulting, LLC | Investment advisory (plan); Consulting (pension) | $36,831 | $0 |
| Asb Capital Management, LLC | Investment management | $30,784 | $0 |
| Prudential Financial | Custodial (securities); Investment management | $25,074 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$555,842
- Other administrative expenses$454,002
- Contract administrator fees$432,999
- Legal fees$288,648
- IQPA audit fees$150,101
- Trustee and custodial fees$13,640
- Other trustee fees and expenses$7,933
- Total administrative expenses$1,903,165
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$1.09B · 88.1%
- Partnership/joint venture interests$92.4M · 7.5%
- Other investments$24.3M · 2.0%
- Cash (interest and non-interest bearing)$22.9M · 1.8%
- Receivables$8.3M · 0.7%
- Buildings and other property used in plan operation$33K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sedgwick 401(k) Savings Plan | Sedgwick Claims Management Services, Inc. | 32,276 | $2.19B | $67,823 |
| Asurion, LLC 401(k) Plan | Asurion LLC | 11,143 | $733M | $65,811 |
| First Horizon Corporation Savings Plan | First Horizon Corporation | 9,529 | $1.27B | $132,919 |
| Bluecross Blueshield of Tennessee Employee Retirement Savings Program | Blue Cross Blue Shield of Tennessee | 8,284 | $1.26B | $152,530 |
| Choice Pooled Employer Plan I | Administrative Group, LLC DBA Transamerica Fiduciary Services | 5,853 | $47.0M | $8,034 |
| Profit Sharing Plan for Employees of AllianceBernstein L.P. | AllianceBernstein L.P. | 5,839 | $1.71B | $293,384 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Southern District Ubc Defined Contribution Fund?
51,643 participants at the end of the plan year ending 31 Dec 2024, of whom 51,643 were active employees, with net assets of $1,239,207,507. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Board of Trustees of the Southern District Ubc Defined Contribution F contribute per participant?
The filing reports $49,674,974 in employer contributions for the year, which is $962 per active participant; the median for plans of the same type and size was $2,417 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,853,313 in compensation to service provider organisations, $35.89 per participant or 0.15% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $1,903,165. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Board of Trustees of the Southern District Ubc Defined Contribution F. Recordkeeping or administration: Southern Benefit Administrators. Investment advisory or management: Ullico Investment Advisors, Crescent Credit Solutions and Loomis, Sayles & Company, L.P.. Trustee or custodian: Ullico Investment Advisors, Crescent Credit Solutions and Amalgamated Bank. The financial statements were audited by Calibre CPA Group PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 7 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 71-0851216, plan 001, received 7 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.