Plan Snapshot
- Plan Sponsor: Utmb Healthcare Systems, INC.
- Sponsor EIN: 760682238
- Sponsor Address: 301 UNIVERSITY BLVD RT. #0895, GALVASTON, TX, 77555
- Plan Type: 401(k)
- Total Participants: 445
- Total Assets: $8.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 445 | $8.2M | $883,832 | $1.1M |
| 2023 | 597 | $6.3M | $1.1M | $1.3M |
| 2022 | 279 | $4.0M | $519,843 | $694,539 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $94,652 | — | $94,652 |
| RAYMOND JAMES & ASSOCIATES | Investment Advisor | $24,771 | — | $24,771 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,423
- Estimated Expense Ratio: 1.465% 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 | $94,652 | — | — | — | — |
| 2023 | $62,563 | $19,101 | — | — | — |
| 2022 | $43,325 | $14,341 | $28,984 | — | — |