Plan Snapshot
- Plan Sponsor: University Development Corp
- Sponsor EIN: 721027314
- Sponsor Address: 362 PARSONS GREEN, SHREVEPORT, LA, 71106
- Plan Type: 401(k)
- Total Participants: 600
- Total Assets: $3.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 600 | $3.1M | $89,511 | $416,074 |
| 2023 | 896 | $2.6M | $109,928 | $547,283 |
| 2022 | 486 | $3.8M | $114,640 | $547,923 |
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 |
|---|---|---|---|---|
| HEARD MCELROY & VESTAL LLC | Auditor | $10,400 | — | $10,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,400
- Estimated Expense Ratio: 0.335% 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 | $71,553 | $7,232 | — | $10,400 | — |
| 2023 | $40,058 | $10,058 | — | $8,500 | — |
| 2022 | $34,345 | $9,115 | — | — | — |