Plan Snapshot
- Plan Sponsor: Universal Metal Products, INC
- Sponsor EIN: 341535109
- Sponsor Address: 29980 LAKELAND BLVD., WICKLIFFE, OH, 44092
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 261
- Total Assets: $17.3M
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 | 261 | $17.3M | $0 | $0 |
| 2024 | 238 | $14.6M | $144,907 | $868,188 |
| 2023 | 234 | $12.8M | $137,261 | $812,993 |
| 2022 | 227 | $11.0M | $126,366 | $749,103 |
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 |
|---|---|---|---|---|
| PNC INSTITUTIONAL ASSET MANAGEMENT | Other Service Provider | $17,977 | — | $17,977 |
| NEWPORT GROUP, INC. | Other Service Provider | $15,548 | — | $15,548 |
| AMG OPS FEE GROUP | Other Service Provider | $8,177 | — | $8,177 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,702
- Estimated Expense Ratio: 0.242% 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 | $417,437 | $26,154 | $47,578 | — | — |
| 2024 | $52,511 | $19,504 | $22,522 | — | — |
| 2023 | $44,632 | $13,100 | $21,510 | — | — |
| 2022 | $52,513 | $17,773 | $29,472 | — | $5,268 |