Plan Snapshot
- Plan Sponsor: Umc, INC.
- Sponsor EIN: 870326366
- Sponsor Address: 1148 N 450 W, SPRINGVILLE, UT, 84663
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 329
- Total Assets: $9.2M
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. |
|---|---|---|---|---|
| 2023 | 329 | $9.2M | $776,398 | $1.0M |
| 2022 | 338 | $7.2M | $784,621 | $874,639 |
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 |
|---|---|---|---|---|
| PAI | Recordkeeper | $24,912 | — | $24,912 |
| DFPG INVESTMENTS, LLC | Investment Advisor | $22,122 | — | $22,122 |
| PAI TRUST | Other Service Provider | $13,852 | — | $13,852 |
| ASCENSUS LLC | Other Service Provider | $9,694 | — | $9,694 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,580
- Estimated Expense Ratio: 0.767% 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 |
|---|---|---|---|---|---|
| 2023 | $19,508 | $8,899 | $10,609 | — | — |
| 2022 | $71,248 | — | $71,248 | — | — |