401(k) · DOL Form 5500 · 2023

United Community Banks, Inc. 401(k) Plan

Data updated 2026-08-11

$255M
Total assets
2,934
Participants
96th
Percentile by assets
$86,815
Avg per participant
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Official DOL plan name: United Community Banks, Inc. 401(k) Plan · Sponsored by United Community Banks, Inc. · Georgia · Finance & Insurance

$255M in assets, 2,934 participants

United Community Banks, Inc.'s United Community Banks, Inc. 401(k) Plan reported $255M in total assets and 2,934 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 96th percentile by assets (of 127,072 plans)
  • #8,234 in Finance & Insurance (8,869 peers)

Coverage in Georgia

United Community Banks, Inc. 401(k) Plan covers 2,934 participants in Georgia, 2.7x the typical Georgia plan (state average ~1,096 per filing). Assets: $255M.

$255M
total plan assets (2023 EOY)
2,934
covered participants
96th
percentile by assets (of 127,072 plans)
$86,815
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • United Community Banks, Inc. 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $37M in the plan year 2023 filing.
  • United Community Banks, Inc. 401(k) Plan end-of-year assets rose from $196M in the plan year 2022 filing to $255M in the plan year 2023 filing.
  • United Community Banks, Inc. 401(k) Plan reported participants rose from 2,597 in the plan year 2022 filing to 2,934 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs Georgia filers

In Georgia, the average filing covers about 1,096 participants across 3,635 plans. United Community Banks, Inc. 401(k) Plan reports 2,934 participants - 2.7x that state average ($255M EOY assets).

Georgia filing particulars

Total Assets (Beginning of Year)$196M
Net Assets (End of Year)$255M
Net Income$37M
Employer EIN581807304
Plan Effective Date1967-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (United Community Banks, Inc.)

$150M$200M$250M$300M$350M 202220232024 $196M $295M ▲ +50.3%
Total plan assets by year, all United Community Banks, Inc. plans on file
Year Plans Participants Total Assets
2022 1 2,597 $196M
2023 1 2,934 $255M
2024 1 3,206 $295M

Nearby 401(k) Plans in Georgia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

United Community Banks, Inc. 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants

United Community Banks, Inc. 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -2000000200000400000600000 -505101520 Total assets ($B) Participants United Community Ban…The Teamster - UPS N…Delta 401(k) Retirem…Delta 401(k) Retirem…UPS 401(k) Savings P…The Home Depot Futur…
United Community Banks, Inc. 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to United Community Banks, Inc. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did United Community Banks, Inc. 401(k) Plan assets move in 2023?
United Community Banks, Inc. 401(k) Plan grew sharply - up 29.6% during 2023, from $196M to $255M. Reported net income was $37M.
How have United Community Banks, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), United Community Banks, Inc.'s sponsor-wide assets grew 50.3%, from $196M to $295M.
Where does United Community Banks, Inc. 401(k) Plan rank by assets among Form 5500 filers?
United Community Banks, Inc. 401(k) Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to United Community Banks, Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Mitsubishi Motors North America, Inc. 401(k) Savings Plan in TN ($255M, 279 participants).

Next read for United Community Banks, Inc. 401(k) Plan

Filing takeaways

Ways to act on United Community Banks, Inc. 401(k) Plan's numbers.