Plan Snapshot
- Plan Sponsor: Mufg Bank, Ltd.
- Sponsor EIN: 135611741
- Sponsor Address: 1251 AVENUE OF THE AMERICAS, NEW YORK, NY, 10020
- Plan Type: Health & Welfare
- Plan Number: 541
- Total Participants: 4,570
- Total Assets: $1.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,570 | $1.6M | $58.2M | $25.0M |
| 2023 | 4,940 | $4.0M | $58.6M | $26.1M |
| 2022 | 4,972 | $20.9M | $0 | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UNITEDHEALTHCARE INSURANCE COMPANY | Other Service Provider | $2,361,571 | — | $2,361,571 |
| ALIGHT | Recordkeeper | $437,010 | — | $437,010 |
| CONSUMER VALUE STORE | Other Service Provider | $368,184 | — | $368,184 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $113,449 | — | $113,449 |
| DELTA DENTAL OF CALIFORNIA | Other Service Provider | $100,625 | — | $100,625 |
| WAGEWORKS | Other Service Provider | $76,174 | — | $76,174 |
| VISION SERVICE PLAN | Other Service Provider | $59,019 | — | $59,019 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,516,032
- Estimated Expense Ratio: 219.821% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,516,033 | — | $3,516,033 | — | — |
| 2023 | $3,570,064 | — | $3,570,064 | — | — |
| 2022 | $286,545 | — | — | — | — |