Plan Snapshot
- Plan Sponsor: Universal Companies, INC.
- Sponsor EIN: 541924075
- Sponsor Address: 18260 OAK PARK DRIVE, ABINGDON, VA, 24210
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $5.0M
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 | 132 | $5.0M | $31,031 | $417,965 |
| 2023 | 140 | $4.4M | $30,585 | $371,621 |
| 2022 | 188 | $3.4M | $32,064 | $312,927 |
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 |
|---|---|---|---|---|
| HICOK, BROWN AND COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $39,917 | $8,997 | $30,920 | — | — |
| 2023 | $34,553 | $8,996 | $25,557 | — | — |
| 2022 | $28,616 | $7,871 | $20,745 | — | — |