A Foundation for Growth
UST is the largest of any national nonprofit unemployment trust and boasts the lowest administrative expenses of its competitors.
UST averages an administrative expense rate of only 10% of deposits, while others often exceed 20%.
Established in 1983, UST also has a solid history and has proven to be financially sound.
UST’s assets are invested conservatively to preserve participants’ capital. Professional financial managers ensure that UST’s investment policy is continually followed and updated to provide security and stability to the Trust’s assets. Over the past 10 years, investment results have continued to contribute to offsetting member expenses.
UST has never had to assess its membership or borrow to meet claims obligations. Currently, UST has a secure asset base of more than $131 million.
This financial stability combined with the favorable investment experience and claims experience of participants has allowed UST to offer refunds to member organizations. Since 1986, UST has returned more than $35 million in account refunds—another key attribute of UST’s financial endurance.