Plan Snapshot
- Plan Sponsor: University Medical Associates Of The Medical Univ. Of South Carolina
- Sponsor EIN: 570935917
- Sponsor Address: 1 SOUTH PARK CIRCLE, CHARLESTON, SC, 29407
- Plan Type: 403(b)
- Total Participants: 3,064
- Total Assets: $157.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 3,064 | $157.6M | $0 | $16.1M |
| 2023 | 2,792 | $129.6M | $24,281 | $13.9M |
| 2022 | 2,513 | $100.8M | $64,350 | $12.3M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $24,439 | — | $24,439 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,439
- Estimated Expense Ratio: 0.016% 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 | $128,319 | $29,372 | — | $24,439 | — |
| 2023 | $100,468 | $26,738 | — | — | — |
| 2022 | $83,187 | — | — | — | $83,187 |