Original filing (PDF)20250930063010NAL0016110819001

UNITED BANCSHARES, INC.

Name: UNITED BANCSHARES, INC. — UNITED BANCSHARES, INC. RESTATED EMPLOYEE STOCK OWNERSHIP PLAN, Form 5500 (2024)
Creator: UNITED BANCSHARES, INC.

Form 5500

FILING_RECEIVED

UNITED BANCSHARES, INC. RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

401(k) retirement plan

Signals · 2

39% in single holding39% employer stock

Active participants

149

Accounts w/ balance

284

Plan assets (EOY)

$22.0M

Net assets (EOY)

$22.0M

How this plan invests

This plan

1 pooled trust

Schedule D

18 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade C

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for UNITED BANCSHARES, INC..

Plan sponsor

Name

UNITED BANCSHARES, INC.

EIN

34-1516518

Address

105 PROGRESSIVE DRIVE · COLUMBUS GROVE, OH · 45830

Phone

(419) 659-2141

Industry

Commercial Banking· Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

004

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-09-30

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2H · Partial participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2O · ESOP (non-leveraged)

Audit & trust (Schedule H)

Auditor

CLIFTONLARSONALLEN LLP

Trustee / custodian

Service providers (Schedule C)

5 rows

Trustee

Name	EIN	Location	Relation	Direct comp	Indirect comp
CHARLES SCHWAB	42-1558009	—	TRUSTEE	$7K	—

Other service providers

Name	EIN	Location	Relation	Direct comp	Indirect comp
USI CONSULTING GROUP	06-1053228	—	NONE	$35K	—
CLIFTONLARSONALLEN LLP

Investments

18 direct securities · 1 pooled fund· $21.9M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Other securities

$13.0M

16 holdings

Common Stock

$8.5M

1 holding

Common Collective Trust

$308K

1 holding

Cash / Money Market

$78K

1 holding

					% of plan
United Bancshares, Inc. Common Stock, 314,809 shares	Common Stock	—	—	$8.5M	38.6%
Vanguard Life Strategy Moderate Growth Mutual Fund 98,622 units	Other securities	—	—	$3.1M	14.0%
Vanguard Life Strategy Growth Fund Mutual Fund, 54,599 units	Other securities	—	—	$2.4M	11.0%
Vanguard Total Stock Market Index Mutual Fund 11,386 units	Other securities	—	—	$1.6M	7.3%
Fidelity Large Cap Growth Index Mutual Fund, 31,886 units	Other securities	—	—	$1.2M	5.7%
Vanguard Life Strategy Conservative Growth Mutual Fund, 57,447 units	Other securities	—	—	$1.2M	5.3%
Vanguard Life Strategy Income Fund Mutual Fund, 53,182 units	Other securities	—	—	$799K	3.6%
Timothy Plan Large/Mid Cap Mutual Fund, 29,893 units	Other securities	—	—	$684K	3.1%
Schwab Fundamental US Large Mutual Fund, 16,953 units	Other securities	—	—	$472K	2.1%
GALLIARD MANAGED INCOME FUND GALLIARD CAPITAL MANAGEMENT · EIN 52-2250949 / PN 001	Common Collective Trust	—	—	$308K	1.4%
Vanguard Small Cap Value Index Fund Mutual Fund 3,270 units	Other securities	—	—	$278K	1.3%
MFS International Mutual Fund, 7,777 units	Other securities	—	—	$263K	1.2%
Timothy Plan Growth & Income Mutual Fund, 20,930 units	Other securities	—	—	$223K	1.0%
Dodge & Cox Income Fund Mutual Fund, 17,180 units	Other securities	—	—	$213K	1.0%
American Funds New World Mutual Fund, 2,376 units	Other securities	—	—	$183K	0.8%
bi-weekly through * Notes Receivable from Participants December 2029 -	Other securities	—	—	$179K	0.8%
Artisan Small Cap Institutional Mutual Fund, 4,652 units	Other securities	—	—	$170K	0.8%
Schwab Retirement Govt Money FD Money Market Fund, 78,075 shares	Cash / Money Market	—	—	$78K	0.4%
Cohen and Steers Institutional Mutual Fund, 869 units	Other securities	—	—	$42K	0.2%

1–19 of 19

Related plans

Other plans using USI CONSULTING GROUP

ASCENSION HEALTH DBA ASCENSION HEALTHCARE

ASCENSION HEALTHCARE MASTER PENSION TRUST

$8.0B

LUMEN TECHNOLOGIES, INC.

LUMEN 401(K) SAVINGS PLAN

$7.3B · 21,466 participants

PACE INDUSTRY UNION-MANAGEMENT PENSION FUND

$2.8B · 3,184 participants

NORTHWELL HEALTH, INC.

NORTHWELL HEALTH PENSION PLAN

$2.8B · 26,078 participants

UT-BATTELLE, LLC

PENSION PLAN FOR EMPLOYEES AT ORNL

$2.4B · 6,785 participants