Plan Snapshot
- Plan Sponsor: Ultralife Corporation
- Sponsor EIN: 161387013
- Sponsor Address: 2000 TECHNOLOGY PARKWAY, NEWARK, NY, 14513
- Plan Type: 401(k)
- Total Participants: 409
- Total Assets: $31.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 409 | $31.8M | $779,949 | $1.7M |
| 2023 | 261 | $27.6M | $704,144 | $1.6M |
| 2022 | 240 | $23.5M | $611,227 | $1.4M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | RETAINED BY EMPLOYER | $52,777 | — | $52,777 |
| UBS FINANCIAL SERVICES, INC. | NONE | $51,125 | — | $51,125 |
| FREED MAXICK CPAS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
- UBS FINANCIAL SERVICES, INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,902
- Estimated Expense Ratio: 0.327% 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 | $103,902 | $52,421 | $51,481 | — | — |
| 2023 | $82,242 | $36,056 | $46,186 | — | — |
| 2022 | $131,583 | $54,862 | $76,721 | — | — |