Plan Snapshot
- Plan Sponsor: Umh Properties, INC.
- Sponsor EIN: 221890929
- Sponsor Address: 3499 ROUTE 9 SUITE 3-C, FREEHOLD, NJ, 077283277
- Plan Type: 401(k)
- Total Participants: 496
- Total Assets: $34.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 496 | $34.2M | $1.1M | $2.0M |
| 2023 | 446 | $27.5M | $985,804 | $1.9M |
| 2022 | 431 | $24.0M | $999,289 | $1.9M |
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 | $198,876 | — | $198,876 |
| NEWPORT CAPITAL GROUP | INVESTMENT ADVISORY | — | $70,267 | $70,267 |
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $269,143
- Estimated Expense Ratio: 0.787% 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 | $198,881 | — | $198,881 | — | — |
| 2023 | $150,012 | $13,600 | $136,412 | — | — |
| 2022 | $105,919 | $34,259 | $71,660 | — | — |