Plan Snapshot
- Plan Sponsor: Universal Group
- Sponsor EIN: 660313825
- Sponsor Address: MARGINAL KENNEDY, METRO OFFICE PARK, GUAYNABO, PR, 00921
- Plan Type: DC
- Total Participants: 1,054
- Total Assets: $134.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 1,054 | $134.4M | $4.5M | $3.9M |
| 2023 | 1,145 | $121.7M | $4.2M | $3.6M |
| 2022 | 936 | $105.2M | $3.6M | $3.3M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $235,110 | — | $235,110 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $194,172 | — | $194,172 |
| CETERA ADVISOR NETWORKS LLC | BROKER/ ADVISER | — | $93,207 | $93,207 |
| PENSION PLUS INC | AUDITOR | — | $10,000 | $10,000 |
| RSM PUERTO RICO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $532,489
- Estimated Expense Ratio: 0.396% 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 | $420,051 | — | — | — | — |
| 2023 | $380,047 | — | — | — | — |
| 2022 | $384,832 | — | — | — | — |