Plan Snapshot
- Plan Sponsor: Umgc Ventures, INC.
- Sponsor EIN: 812898004
- Sponsor Address: 7315 WISCONSIN AVENUE, SUITE 400, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $21.5M
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 | 170 | $21.5M | $1.7M | $1.6M |
| 2023 | 168 | $17.9M | $1.4M | $1.3M |
| 2022 | 152 | $14.2M | $1.4M | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $76,083 | — | $76,083 |
| MML INVESTORS SERVICES, LLC | INVESTMENT ADVISORY | — | $34,642 | $34,642 |
| TRIBRIDGE PARTNERS FINANCIAL LLC | INVESTMENT ADVISORY | — | $22,284 | $22,284 |
| RETIREMENT BENEFIT SOLUTIONS | CONTRACT ADMINISTRATOR | $50 | $8,974 | $9,024 |
| GELMAN, ROSENBERG & FREEDMAN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MML INVESTORS SERVICES, LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $142,033
- Estimated Expense Ratio: 0.660% 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 | $76,133 | — | $76,133 | — | — |
| 2023 | $57,654 | — | $57,654 | — | — |
| 2022 | $17,163 | — | $17,163 | — | — |