Plan Snapshot
- Plan Sponsor: Umg Recordings, INC.
- Sponsor EIN: 132613071
- Sponsor Address: 2220 COLORADO AVENUE, SANTA MONICA, CA, 90404
- Plan Type: 401(k)
- Total Participants: 3,357
- Total Assets: $1.4B
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 | 3,357 | $1.4B | $34.5M | $35.0M |
| 2023 | 3,602 | $1.3B | $37.7M | $34.2M |
| 2022 | 3,539 | $1.0B | $33.0M | $30.4M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $355,398 | — | $355,398 |
| FARBER HASS HURLEY LLP | NONE | $40,500 | — | $40,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- FARBER HASS HURLEY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $395,898
- Estimated Expense Ratio: 0.028% 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 | $388,638 | — | — | — | — |
| 2023 | $385,032 | — | — | — | — |
| 2022 | $346,626 | — | — | — | — |