Plan Snapshot
- Plan Sponsor: U.M.C., INC.
- Sponsor EIN: 410970352
- Sponsor Address: 500 CHELSEA ROAD, MONTICELLO, MN, 55362
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 267
- Total Assets: $31.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 267 | $31.6M | $0 | $0 |
| 2024 | 201 | $26.6M | $745,187 | $1.3M |
| 2023 | 204 | $23.4M | $694,296 | $1.3M |
| 2022 | 195 | $20.5M | $227,116 | $1.2M |
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 |
|---|---|---|---|---|
| JPMORGAN INVEST HOLDINGS LLC | Recordkeeper | $47,364 | — | $47,364 |
| SAGEVIEW ADVISORY GROUP, LLC | Investment Advisor | $28,236 | — | $28,236 |
| DS & B, LTD | Auditor | $17,100 | — | $17,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,700
- Estimated Expense Ratio: 0.293% 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 |
|---|---|---|---|---|---|
| 2025 | $1,827,856 | $28,236 | — | $17,100 | — |
| 2024 | $86,394 | $27,007 | — | $15,500 | — |
| 2023 | $60,161 | $25,511 | — | $14,000 | — |
| 2022 | $25,019 | — | $25,019 | — | — |