Plan Snapshot
- Plan Sponsor: Umc Physicians
- Sponsor EIN: 752646477
- Sponsor Address: 5219 CITY BANK PARKWAY, LUBBOCK, TX, 79407
- Plan Type: 401(k)
- Total Participants: 457
- Total Assets: $35.9M
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 | 457 | $35.9M | $1.4M | $2.1M |
| 2023 | 477 | $29.0M | $1.4M | $1.9M |
| 2022 | 450 | $23.2M | $1.1M | $1.7M |
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 |
|---|---|---|---|---|
| MML INVESTORS SERVICES, LLC | Investment Advisor | — | $59,319 | $59,319 |
| NOVA 401(K) ASSOCIATES LP | Recordkeeper | $11,975 | — | $11,975 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $11,406 | — | $11,406 |
| MESIROW FINANCIAL, INC | Investment Advisor | $6,566 | — | $6,566 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MML INVESTORS SERVICES, LLC — Investment Advisor
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- MESIROW FINANCIAL, INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,266
- Estimated Expense Ratio: 0.248% 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 | $29,947 | — | $29,947 | — | — |
| 2023 | $36,746 | — | $36,746 | — | — |
| 2022 | $29,437 | — | $29,437 | — | — |