Plan Snapshot
- Plan Sponsor: Upper Peninsula Power Company
- Sponsor EIN: 381280574
- Sponsor Address: 1002 HARBOR HILLS DR, MARQUETTE, MI, 49855
- Plan Type: DB
- Total Participants: 50
- Total Assets: $87.3M
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 | 50 | $87.3M | $133,325 | $0 |
| 2023 | 52 | $91.8M | $122,240 | $0 |
| 2022 | 58 | $90.9M | $143,785 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $296,057 | — | $296,057 |
| TOWERS WATSON INVESTMENT SERVICES | Other Service Provider | $219,004 | — | $219,004 |
| HUMANA | Other Service Provider | $123,574 | — | $123,574 |
| STATE STREET BANK AND TRUST | Other Service Provider | $76,410 | — | $76,410 |
| 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: $723,695
- Estimated Expense Ratio: 0.829% 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 | $862,778 | $266,225 | — | $8,650 | — |
| 2023 | $862,832 | $231,840 | — | — | — |
| 2022 | $844,446 | $293,015 | — | — | $260,139 |