Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Ugsao Retirement Plan
- Sponsor EIN: 464857037
- Sponsor Address: 2879 CRANBERRY HIGHWAY, EAST WAREHAM, MA, 025381327
- Plan Type: 401(k)
- Total Participants: 2,443
- Total Assets: $29.5M
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. |
|---|---|---|---|---|
| 2024 | 2,443 | $29.5M | $6.7M | $657,044 |
| 2023 | 1,514 | $28.0M | $6.0M | $462,173 |
| 2022 | 1,752 | $24.2M | $5.5M | $358,722 |
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 | CONTRACT ADMINISTRATOR | $190,583 | — | $190,583 |
| PENTEGRA SERVICES INC. | PLAN ADMINISTRATOR | $101,864 | — | $101,864 |
| NORUS ADVISORS | NONE | $44,183 | — | $44,183 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $26,158 | $26,158 |
| ORENDA RETIREMENT LLC | CONTRACT ADMINISTRATOR | — | $21,973 | $21,973 |
| NEEDLES & ASSOCIATES LLC | ACCOUNTANT | $10,476 | — | $10,476 |
| MATRIX | CUSTODIAN | $8,652 | — | $8,652 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORUS ADVISORS — NONE
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- MATRIX — CUSTODIAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $403,889
- Estimated Expense Ratio: 1.370% 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 | $360,752 | $44,183 | $292,447 | $14,410 | — |
| 2023 | $418,340 | $105,213 | $195,785 | $23,052 | — |
| 2022 | $436,635 | $101,649 | — | — | $1,248 |