Employers › University Bancorp
Recordkeeping fees per participant · University Bancorp, Inc. Employee Stock Ownership and Retirement Savings Plan · plan year 2024
$102.53
Higher than 58% of the 14,075 plans $10 to 50M that report it.
= $67,874 / 662
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926155442NAL0014016290001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926155442NAL0014016290001, received 2025-09-26
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-26.
Administrative expenses excluding investment management, per participant
$124.34
Higher than 52% of the 24,371 plans $10 to 50M that report it.
= $82,311 / 662
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926155442NAL0014016290001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926155442NAL0014016290001, received 2025-09-26
Administrative expenses per participant
$240.23
Higher than 60% of the 25,098 plans $10 to 50M that report it.
= $159,031 / 662
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926155442NAL0014016290001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926155442NAL0014016290001, received 2025-09-26
Administrative expenses as a share of assets
0.443%
Higher than 75% of the 25,132 plans $10 to 50M that report it.
= $159,031 / $35,914,069
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926155442NAL0014016290001, received 2025-09-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926155442NAL0014016290001, received 2025-09-26
Employer contributions per participant
$2,562
Higher than 63% of the 24,050 plans $10 to 50M that report it.
= $1,696,312 / 662
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926155442NAL0014016290001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926155442NAL0014016290001, received 2025-09-26
Employer share of total contributions
37.6%
Higher than 80% of the 24,084 plans $10 to 50M that report it.
= $1,696,312 / $4,516,096
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926155442NAL0014016290001, received 2025-09-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926155442NAL0014016290001, received 2025-09-26
Plan terms are described in University Bancorp, Inc.'s SEC filings: Form 10-K filed 2006-04-17. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2T default investment (QDIA) · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250926155442NAL0014016290001, received 2025-09-26
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UNIVERSITY BANCORP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Plan name | UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP AND RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Sponsor EIN / plan number | 38-2929531 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Sponsor location | ANN ARBOR, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Filing received | 2025-09-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Participants, beginning of year | 668 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Active participants | 494 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Participants, end of year | 728 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Participants with an account balance | 662 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total assets, beginning of year | $29,952,793 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total assets, end of year | $35,914,069 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Net assets, end of year | $35,914,069 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total income | $8,335,929 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Net income | $5,961,276 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Employer contributions | $1,696,312 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Participant contributions | $2,555,718 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Other contributions (incl. rollovers) | $264,066 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total contributions | $4,516,096 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Benefit payments | $2,215,622 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total expenses (incl. benefit payments) | $2,374,653 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Total administrative expenses | $159,031 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Contract administrator fees | $14,437 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Recordkeeping fees | $67,874 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Investment advisory and management fees | $76,720 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Administrative expenses excluding investment management | $82,311 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Held in common/collective trusts | $10,282,299 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Held in mutual funds | $16,265,263 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250926155442NAL0014016290001, received 2025-09-26 |
| Independent auditor | MANER COSTERISAN, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250926155442NAL0014016290001, received 2025-09-26 |
Position = column in the DOL layout for form year 2024. Filing 20250926155442NAL0014016290001, received 2025-09-26.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BLACK DIAMOND FINANCIAL, LLC | NONE | 27 Investment advisory (plan) | $22,594 | no |
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees | $17,105 | yes |
| WATKINS ROSS | NONE | 13 Contract administrator | $14,437 | no |
| LADENBURG THALMAN ASSET MANAGEMENT | NONE | 27 Investment advisory (plan) | $5,648 | no |
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management | $1,269 | no |
| UNIVERSITY BANCORP, INC. | PLAN SPONSOR | 99 Other fees | $0 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250926155442NAL0014016290001, received 2025-09-26.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $29,952,793 | $35,914,069 | 19.9% |
| Participants with a balance | 642 | 662 | 3.1% |
| Administrative expenses | $186,417 | $159,031 | -14.7% |
| Recordkeeping fees per participant | $169.70 | $102.53 | -39.6% |
| Employer contributions | $1,572,210 | $1,696,312 | 7.9% |
Prior filing 20241009142840NAL0010720899001, received 2024-10-09; the plan years are contiguous.
Sponsor name as filed: UNIVERSITY BANCORP, INC.; SEC registrant: UNIVERSITY BANCORP INC /DE/ (CIK 811211, matched by EIN).