Plan Snapshot
- Plan Sponsor: Ukpeagvik Inupiat Corporation
- Sponsor EIN: 920044212
- Sponsor Address: 3800 CENTREPOINT DRIVE, ANCHORAGE, AK, 99503
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 4,832
- Total Assets: $250.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 4,832 | $250.7M | $0 | $0 |
| 2024 | 3,415 | $211.9M | $9.2M | $15.8M |
| 2023 | 3,065 | $188.1M | $9.0M | $14.7M |
| 2022 | 3,221 | $159.9M | $8.8M | $13.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $250,176 | — | $250,176 |
| ALDRICH CPAS AND ADVISOR | Other Service Provider | $26,212 | — | $26,212 |
| UBS FINANCIAL SVCS INC | Investment Advisor | $24,558 | — | $24,558 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $300,946
- Estimated Expense Ratio: 0.120% 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 | $26,753,299 | $24,558 | $250,176 | $26,212 | — |
| 2024 | $370,884 | $95,679 | $249,467 | $25,668 | — |
| 2023 | $367,957 | $114,123 | $253,834 | — | — |
| 2022 | $351,225 | $89,203 | $240,191 | — | $21,831 |