Plan Snapshot
- Plan Sponsor: Universal Fibers, INC.
- Sponsor EIN: 540834857
- Sponsor Address: 14401 INDUSTRIAL PARK RD., BRISTOL, VA, 24202
- Plan Type: 401(k)
- Total Participants: 433
- Total Assets: $24.2M
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 | 433 | $24.2M | $390,506 | $1.3M |
| 2023 | 424 | $21.8M | $364,803 | $1.3M |
| 2022 | 453 | $17.4M | $379,568 | $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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $58,475 | — | $58,475 |
| WELLS FARGO ADVISORS LLC | Investment Advisor | $54,293 | — | $54,293 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,768
- Estimated Expense Ratio: 0.465% 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 | $112,768 | $54,293 | — | — | — |
| 2023 | $97,099 | $45,816 | — | — | — |
| 2022 | $98,776 | — | $98,776 | — | — |