Plan Snapshot
- Plan Sponsor: United Physicians, INC.
- Sponsor EIN: 383500370
- Sponsor Address: 30600 TELEGRAPH ROAD, BINGHAM FARMS, MI, 48025
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 140
- Total Assets: $14.2M
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. |
|---|---|---|---|---|
| 2025 | 140 | $14.2M | $0 | $0 |
| 2024 | 111 | $13.4M | $372,804 | $1.1M |
| 2023 | 114 | $11.0M | $344,036 | $1.0M |
| 2022 | 112 | $8.6M | $319,283 | $953,295 |
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 |
|---|---|---|---|---|
| MMA SECURITIES, LLC | Investment Advisor | $28,085 | — | $28,085 |
| ADP, INC. | Recordkeeper | $15,240 | — | $15,240 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,325
- Estimated Expense Ratio: 0.306% 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 |
|---|---|---|---|---|---|
| 2025 | $2,445,621 | $28,085 | — | — | — |
| 2024 | $45,371 | $41,885 | — | — | — |
| 2023 | $42,655 | $23,293 | — | — | — |
| 2022 | $36,989 | — | — | — | — |