# University Bancorp, INC. 401(k) Plan
Source: https://planprovider.pro/companies/university-bancorp-inc-401k-plan

> University Bancorp, INC.'s 401(k) plan: 494 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** University Bancorp, INC.

- **Sponsor EIN:** 382929531

- **Sponsor Address:** 2015 WASHTENAW AVE., ANN ARBOR, MI, 48104

- **Plan Type:** 401(k)

- **Total Participants:** 494

- **Total Assets:** $35.9M

## 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.|

| 2024|494|$35.9M|$1.7M|$2.6M|

| 2023|456|$30.0M|$1.6M|$2.4M|

| 2022|484|$25.3M|$1.4M|$2.6M|

## 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|

| BLACK DIAMOND FINANCIAL, LLC|NONE|$22,594|—|$22,594|

| EMPOWER ANNUITY INSURANCE COMPANY|NONE|$17,105|—|$17,105|

| WATKINS ROSS|NONE|$14,437|—|$14,437|

| LADENBURG THALMAN ASSET MANAGEMENT|NONE|$5,648|—|$5,648|

| MANER COSTERISAN, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MANER COSTERISAN, P.C.](https://planprovider.pro/provider/maner-costerisan-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $59,784

- **Estimated Expense Ratio:** 0.166% 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|$159,031|$76,720|$14,437|—|—|

| 2023|$186,417|$76,280|—|—|—|

| 2022|$134,183|—|—|—|$134,183|

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