Plan Snapshot
- Plan Sponsor: University Financial Corporation
- Sponsor EIN: 411557799
- Sponsor Address: 2525 WABASH AVE, SAINT PAUL, MN, 55114
- Plan Type: DC
- Total Participants: 328
- Total Assets: $41.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 328 | $41.8M | $1.3M | $2.7M |
| 2023 | 307 | $35.2M | $1.1M | $2.4M |
| 2022 | 293 | $29.1M | $2.0M | $2.0M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $54,134 | — | $54,134 |
| NFP RETIREMENT, INC. | ADVISOR | $38,447 | — | $38,447 |
| EIDE BAILLY LLP | AUDITOR | $14,427 | — | $14,427 |
| NEWPORT TRUST COMPANY | TRUSTEE | $14,101 | — | $14,101 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,109
- Estimated Expense Ratio: 0.290% 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 | $121,108 | $38,447 | $34,775 | $14,427 | — |
| 2023 | $99,050 | $31,178 | $28,048 | $11,212 | — |
| 2022 | $113,511 | $58,077 | $42,180 | — | $13,254 |