Plan Snapshot
- Plan Sponsor: University Management, INC.
- Sponsor EIN: 640657688
- Sponsor Address: 104 1/2 3RD STREET SOUTH, COLUMBUS, MS, 397015628
- Plan Type: 401(k)
- Total Participants: 550
- Total Assets: $5.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 550 | $5.1M | $93,471 | $372,604 |
| 2023 | 606 | $4.4M | $92,474 | $373,437 |
| 2022 | 556 | $4.0M | $84,485 | $348,441 |
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 |
|---|---|---|---|---|
| AZALEA ADMINISTRATION | TPA | $5,897 | — | $5,897 |
| T.E. LOTT & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,897
- Estimated Expense Ratio: 0.115% 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 | $4,680 | — | $4,680 | — | — |
| 2023 | $4,982 | — | $4,982 | — | — |
| 2022 | $9,523 | — | $9,523 | — | — |