Univest Financial Corporation 401(k) Review & Grade
Univest Financial Corporation Deferred Salary Savings Plan
Souderton, PAFinance & Insurance941 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,264Employer $ per active participant
$7,614Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$121.3MNet plan assets, end of year
$108,906Average balance per account
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 61th |
| Employee saving | 56th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $38 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Univest Financial put in about $2,264 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $2,130,673 |
| Participant (employee) contributions | $7,164,349 |
| Other contributions (incl. rollovers in) | $613,004 |
| Administrative expenses paid from the plan | $187,369 |
| Contract administrator fees | $186,618 |
| Investment advisory & management fees | $751 |
| Benefits paid out | $12,340,979 |
| Net assets, start / end of year | $109.5M / $121.3M |
| Active participants, start / end of year | 965 / 917 |
| Participants with account balances | 1,114 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
| Employer stock held by plan | $2,678,062 |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Servic | $186,618 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250626134546NAL0021561186001, received 2025-06-26, EIN 23-1886144, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.