Employers › United Bancshares
Recordkeeping fees per participant · United Bancshares, Inc. Restated Employee Stock Ownership Plan · plan year 2024
$322.01
Higher than 96% of the 14,075 plans $10 to 50M that report it.
= $91,450 / 284
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930063010NAL0016110819001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930063010NAL0016110819001, received 2025-09-30
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-30.
Administrative expenses excluding investment management, per participant
$322.01
Higher than 89% of the 24,371 plans $10 to 50M that report it.
= $91,450 / 284
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930063010NAL0016110819001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930063010NAL0016110819001, received 2025-09-30
Administrative expenses per participant
$364.26
Higher than 81% of the 25,098 plans $10 to 50M that report it.
= $103,450 / 284
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930063010NAL0016110819001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930063010NAL0016110819001, received 2025-09-30
Administrative expenses as a share of assets
0.470%
Higher than 79% of the 25,132 plans $10 to 50M that report it.
= $103,450 / $22,021,678
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930063010NAL0016110819001, received 2025-09-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930063010NAL0016110819001, received 2025-09-30
Employer contributions per participant
$3,542
Higher than 80% of the 24,050 plans $10 to 50M that report it.
= $1,005,898 / 284
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930063010NAL0016110819001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930063010NAL0016110819001, received 2025-09-30
Employer share of total contributions
50.7%
Higher than 94% of the 24,084 plans $10 to 50M that report it.
= $1,005,898 / $1,984,878
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930063010NAL0016110819001, received 2025-09-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930063010NAL0016110819001, received 2025-09-30
Plan terms are described in United Bancshares, Inc.'s SEC filings: Form 11-K filed 2022-06-27 and Form 10-K filed 2023-03-13. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250930063010NAL0016110819001, received 2025-09-30
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UNITED BANCSHARES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Plan name | UNITED BANCSHARES, INC. RESTATED EMPLOYEE STOCK OWNERSHIP PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Sponsor EIN / plan number | 34-1516518 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Sponsor location | COLUMBUS GROVE, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Filing received | 2025-09-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Participants, beginning of year | 295 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Active participants | 149 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Participants, end of year | 292 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Participants with an account balance | 284 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total assets, beginning of year | $19,741,291 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total assets, end of year | $22,021,678 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Net assets, end of year | $22,021,678 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total income | $4,661,598 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Net income | $2,280,387 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Employer contributions | $1,005,898 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Participant contributions | $961,443 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Other contributions (incl. rollovers) | $17,537 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total contributions | $1,984,878 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Benefit payments | $2,277,761 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total expenses (incl. benefit payments) | $2,381,211 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Total administrative expenses | $103,450 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Recordkeeping fees | $91,450 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Investment advisory and management fees | $12,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Administrative expenses excluding investment management | $91,450 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Held in common/collective trusts | $308,414 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Held in mutual funds | $12,858,251 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250930063010NAL0016110819001, received 2025-09-30 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250930063010NAL0016110819001, received 2025-09-30 |
Position = column in the DOL layout for form year 2024. Filing 20250930063010NAL0016110819001, received 2025-09-30.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| USI CONSULTING GROUPrecordkeeper | NONE | 15 Recordkeeping and information management; 17 Consulting (pension); 50 Direct payment from the plan; 63 Distribution (12b-1) fees; 64 Recordkeeping fees | $35,127 | yes |
| CLIFTONLARSONALLEN LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $27,720 | no |
| HOVDE GROUP | VALUATION | 34 Valuation (appraisals etc.) | $21,100 | no |
| AXIA ADVISORY | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $12,000 | no |
| CHARLES SCHWAB | TRUSTEE | 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 50 Direct payment from the plan; 99 Other fees | $7,492 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250930063010NAL0016110819001, received 2025-09-30.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $19,741,291 | $22,021,678 | 11.6% |
| Participants with a balance | 286 | 284 | -0.7% |
| Administrative expenses | $84,827 | $103,450 | 22.0% |
| Recordkeeping fees per participant | $254.64 | $322.01 | 26.5% |
| Employer contributions | $1,072,880 | $1,005,898 | -6.2% |
Prior filing 20241009132844NAL0019319153001, received 2024-10-09; the plan years are contiguous.
Sponsor name as filed: UNITED BANCSHARES, INC.; SEC registrant: UNITED BANCSHARES INC/OH (CIK 1087456, matched by EIN).