# University Development Corp 401(k) Plan
Source: https://planprovider.pro/companies/university-development-corp-401k-plan

> University Development Corp's 401(k) plan: 600 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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