Plan Snapshot
- Plan Sponsor: United Mortgage Corp
- Sponsor EIN: 113073502
- Sponsor Address: 25 MELVILLE PARK RD, MELVILLE, NY, 11747
- Plan Type: DC
- Total Participants: 353
- Total Assets: $11.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 353 | $11.1M | $1,000 | $879,948 |
| 2023 | 290 | $9.1M | $0 | $888,598 |
| 2022 | 276 | $8.7M | $0 | $1.8M |
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 |
|---|---|---|---|---|
| AMERICAN PORTFOLIOS ADVISORS, INC. | INVESTMENT/FINANCIAL ADVI | $50,754 | — | $50,754 |
| ADP, INC. | RECORD KEEPER | $41,974 | — | $41,974 |
| RICHEY MAY & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- RICHEY MAY & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,728
- Estimated Expense Ratio: 0.833% 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 | $92,728 | $50,754 | — | — | — |
| 2023 | $85,212 | $44,330 | — | — | — |
| 2022 | $78,839 | — | — | — | — |