Plan Snapshot
- Plan Sponsor: Ukg INC.
- Sponsor EIN: 650694077
- Sponsor Address: 2250 N COMMERCE PARKWAY, WESTON, FL, 33326
- Plan Type: 401(k)
- Total Participants: 8,828
- Total Assets: $2.0B
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 | 8,828 | $2.0B | $54.0M | $133.9M |
| 2023 | 10,871 | $1.9B | $58.5M | $142.1M |
| 2022 | 11,173 | $1.5B | $56.4M | $136.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $1,099,650 | — | $1,099,650 |
| FIDUCIENT ADVISORS LLC | NONE | $70,000 | — | $70,000 |
| GRAY GRAY & GRAY LLP | NONE | $30,000 | — | $30,000 |
| GRAY, GRAY, & GRAY, LLP | Auditor | $30,000 | — | $30,000 |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | $11,550 | — | $11,550 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,241,200
- Estimated Expense Ratio: 0.063% 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 | $1,199,650 | — | — | $30,000 | — |
| 2023 | $1,233,035 | $70,000 | — | $5,694 | — |
| 2022 | $1,257,468 | $70,000 | — | — | $18,825 |