Plan Snapshot
- Plan Sponsor: Ultra Electronics INC.
- Sponsor EIN: 061506005
- Sponsor Address: 115 BAY STATE DRIVE, BRAINTREE, MA, 02184
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,626
- Total Assets: $305.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 2,626 | $305.1M | $0 | $0 |
| 2024 | 1,813 | $296.7M | $5.8M | $14.0M |
| 2023 | 1,731 | $286.4M | $7.0M | $16.9M |
| 2022 | 1,921 | $274.9M | $6.8M | $16.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $190,141 | — | $190,141 |
| MERRILL LYNCH | Other Service Provider | $87,500 | — | $87,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $62,970 | — | $62,970 |
| CLIFTONLARSONALLEN LLP | Auditor | $25,000 | — | $25,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $365,611
- 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 | $59,304,796 | $62,970 | $3,000 | $25,000 | — |
| 2024 | $323,707 | $58,991 | $1,500 | $24,750 | — |
| 2023 | $522,617 | $56,228 | $300 | $28,975 | — |
| 2022 | $373,200 | $37,334 | — | — | — |