Plan Snapshot
- Plan Sponsor: Universal Technical Institute, INC.
- Sponsor EIN: 860891201
- Sponsor Address: 4225 E WINDROSE DRIVE, PHOENIX, AZ, 85032
- Plan Type: 401(k)
- Total Participants: 3,909
- Total Assets: $188.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,909 | $188.3M | $4.3M | $19.3M |
| 2023 | 3,502 | $159.0M | $2.7M | $16.2M |
| 2022 | 1,975 | $112.4M | $1.6M | $9.6M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $13,388 | — | $13,388 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,388
- Estimated Expense Ratio: 0.007% 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 | $368,501 | $104,748 | $900 | $13,388 | — |
| 2023 | $297,031 | $81,014 | $1,200 | $12,600 | — |
| 2022 | $177,386 | $10,331 | — | — | — |