Plan Snapshot
- Plan Sponsor: Ufp Technologies, INC.
- Sponsor EIN: 042314970
- Sponsor Address: 100 HALE STREET, NEWBURYPORT, MA, 01950
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,639
- Total Assets: $74.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,639 | $74.8M | $0 | $0 |
| 2024 | 939 | $56.2M | $1.4M | $2.9M |
| 2023 | 968 | $52.0M | $1.3M | $2.7M |
| 2022 | 772 | $40.5M | $529,570 | $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 |
|---|---|---|---|---|
| MASSACHUSETTS MUTUAL LIFE INSURANCE | Investment Advisor | — | $57,353 | $57,353 |
| MML INVESTORS SERVICES INC | Other Service Provider | — | $33,814 | $33,814 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $21,580 | — | $21,580 |
| ADP, INC. | Other Service Provider | $12,119 | — | $12,119 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $8,106 | — | $8,106 |
| CARON AND BLETZER | Other Service Provider | $7,750 | — | $7,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,722
- Estimated Expense Ratio: 0.188% 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 | $7,222,656 | $49,567 | $180,839 | — | — |
| 2024 | $201,200 | $49,681 | $148,419 | — | — |
| 2023 | $187,891 | $62,610 | $119,343 | — | — |
| 2022 | $178,363 | — | — | — | — |