Plan Snapshot
- Plan Sponsor: University First Federal Credit Union
- Sponsor EIN: 870234218
- Sponsor Address: 3450 SOUTH HIGHLAND DRIVE SUITE 109, SALT LAKE CITY, UT, 84106
- Plan Type: 401(k)
- Total Participants: 402
- Total Assets: $37.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 402 | $37.1M | $3.2M | $950,205 |
| 2023 | 430 | $29.6M | $2.9M | $822,469 |
| 2022 | 395 | $22.6M | $2.3M | $590,593 |
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 |
|---|---|---|---|---|
| JONES SIMKINS LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JONES SIMKINS LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $189,874 | — | $189,268 | — | — |
| 2023 | $140,712 | $63,347 | — | — | — |
| 2022 | $119,641 | $119,641 | — | — | — |