Plan Snapshot
- Plan Sponsor: Ufp Industries, INC
- Sponsor EIN: 381465835
- Sponsor Address: 2801 E BELTLINE AVE NE, GRAND RAPIDS, MI, 495259680
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 15,940
- Total Assets: $791.7M
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 | 15,940 | $791.7M | $0 | $0 |
| 2024 | 12,624 | $784.7M | $7.8M | $45.1M |
| 2023 | 13,581 | $734.6M | $8.8M | $41.2M |
| 2022 | 12,073 | $533.3M | $11.7M | $39.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $750,683 | — | $750,683 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $750,683
- Estimated Expense Ratio: 0.095% 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 | $106,969,113 | — | — | — | — |
| 2024 | $496,962 | — | — | — | — |
| 2023 | $481,421 | — | — | — | — |
| 2022 | $290,306 | — | — | — | — |