Plan Snapshot
- Plan Sponsor: Upper Peninsula Power Company
- Sponsor EIN: 381280574
- Sponsor Address: 1002 HARBOR HILLS DRIVE, MARQUETTE, MI, 49855
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 192
- Total Assets: $27.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 192 | $27.2M | $3.0M | $1.1M |
| 2023 | 183 | $26.3M | $2.7M | $977,987 |
| 2022 | 176 | $24.3M | $2.5M | $977,061 |
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 |
|---|---|---|---|---|
| STATE STREET BANK AND TRUST | Other Service Provider | $35,492 | — | $35,492 |
| TOWERS WATSON INVESTMENT SVC INC | Other Service Provider | $31,084 | — | $31,084 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $16,000 | — | $16,000 |
| CLIFTONLARSONALLEN LLP | Auditor | $8,650 | — | $8,650 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,226
- 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 | $91,225 | $42,513 | — | $8,650 | — |
| 2023 | $87,009 | $30,160 | — | — | — |
| 2022 | $82,023 | $37,320 | — | — | $44,703 |