Plan Snapshot
- Plan Sponsor: Universal Insurance Managers, INC
- Sponsor EIN: 421610421
- Sponsor Address: 101 ARTHUR ANDERSON PARKWAY, SARASOTA, FL, 34232
- Plan Type: DC
- Total Participants: 195
- Total Assets: $16.4M
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 | 195 | $16.4M | $269,609 | $814,149 |
| 2023 | 207 | $16.4M | $287,577 | $962,757 |
| 2022 | 182 | $14.1M | $279,836 | $919,428 |
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 ANNUITY INSURANCE COMPANY | RECORDKEEPER | $36,452 | — | $36,452 |
| EMPOWER ADVISORY GROUP LLC | INVESTMENT MANAGEMENT | $23,472 | — | $23,472 |
| CETERA ADVISOR NETWORKS, LLC | BROKER / ADVISER | — | $14,846 | $14,846 |
| PENSION PLUS, INC | CONTRACT ADMIN | — | $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: $84,770
- Estimated Expense Ratio: 0.518% 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 | $57,786 | — | — | — | — |
| 2023 | $60,706 | — | — | — | — |
| 2022 | $66,887 | — | — | — | — |