United Community Bancorp, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

United Community Bancorp, Inc. 401(k) Plan Facts (plan year 2020)

Plan name
UNITED COMMUNITY BANCORP, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
UNITED COMMUNITY BANCORP, INC.
Participants
785 (578 active employees)
Former employees with a balance
180
Plan assets
$43,909,918 at Dec 31, 2020
Average account balance
$70,708 across 621 accounts
Employer contributions
$881,960 in plan year 2020 (29% of all contributions)
Recordkeeper
Capital Group Retirement Plan Svcs.
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Jan 1, 1986
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 12, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $3.09 million went into the plan in contributions, $881,960 of it from the employer (29%).
  • $1.79 million was paid out to participants.
  • Investment and other income added $4.94 million.
  • Administrative expenses were $44,556, about $72 per account.

How the United Community Bancorp, Inc. 401(k) changed, 2016–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016557$22.6 million$667,363$883,882
2017658$31.4 million$775,617$1.75 million
2018760$32.5 million$836,497$3.43 million
2019781$37.7 million$839,581$3.34 million
2020785$43.9 million$881,960$1.79 million

United Community Bancorp, Inc. 401(k) Contact Information

Phone
217-483-4505
Mailing address
301 N. MAIN STREET, CHATHAM IL 62629
Plan sponsor
UNITED COMMUNITY BANCORP, INC.
Employer identification number (EIN)
37-1078190
Plan number
002

Questions about the United Community Bancorp, Inc. 401(k)

Is the United Community Bancorp, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does United Community Bancorp, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $881,960, 29% of all contributions.

Does the United Community Bancorp, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the United Community Bancorp, Inc 401(k) plan?

785 participants at the start of plan year 2020, 578 of them active employees, and 180 former employees who still had money in the plan.

What is the average 401(k) balance at United Community Bancorp, Inc?

About $70,708 per account: $43.9 million in plan assets across 621 accounts with a balance at the end of plan year 2020.

Who manages the United Community Bancorp, Inc 401(k) accounts?

Capital Group / American Funds (listed on the filing as CAPITAL GROUP RETIREMENT PLAN SVCS.) is the plan's recordkeeper, which is where participants log in to see their balance.

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