Employers › University Financial Corp. GBC
Recordkeeping fees per participant · University Financial Corporation Employee Savings Plan · plan year 2024
$49.89
Higher than 36% of the 14,075 plans $10 to 50M that report it.
= $19,358 / 388
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008170104NAL0003450195001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008170104NAL0003450195001, received 2025-10-08
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 2025-10-08.
Administrative expenses excluding investment management, per participant
$213.04
Higher than 75% of the 24,371 plans $10 to 50M that report it.
= $82,661 / 388
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008170104NAL0003450195001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008170104NAL0003450195001, received 2025-10-08
Administrative expenses per participant
$312.13
Higher than 74% of the 25,098 plans $10 to 50M that report it.
= $121,108 / 388
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008170104NAL0003450195001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008170104NAL0003450195001, received 2025-10-08
Administrative expenses as a share of assets
0.290%
Higher than 50% of the 25,132 plans $10 to 50M that report it.
= $121,108 / $41,772,188
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008170104NAL0003450195001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008170104NAL0003450195001, received 2025-10-08
Employer contributions per participant
$3,232
Higher than 76% of the 24,050 plans $10 to 50M that report it.
= $1,254,020 / 388
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008170104NAL0003450195001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008170104NAL0003450195001, received 2025-10-08
Employer share of total contributions
27.1%
Higher than 47% of the 24,084 plans $10 to 50M that report it.
= $1,254,020 / $4,628,640
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008170104NAL0003450195001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008170104NAL0003450195001, received 2025-10-08
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008170104NAL0003450195001, received 2025-10-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UNIVERSITY FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Plan name | UNIVERSITY FINANCIAL CORPORATION EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Sponsor EIN / plan number | 41-1557799 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Sponsor location | SAINT PAUL, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Participants, beginning of year | 388 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Active participants | 328 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Participants, end of year | 397 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Participants with an account balance | 388 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total assets, beginning of year | $35,182,740 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total assets, end of year | $41,772,188 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Net assets, end of year | $41,772,188 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total income | $9,647,128 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Net income | $6,589,448 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Employer contributions | $1,254,020 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Participant contributions | $2,673,326 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Other contributions (incl. rollovers) | $701,294 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total contributions | $4,628,640 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Benefit payments | $2,936,572 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $3,057,680 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Total administrative expenses | $121,108 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Contract administrator fees | $34,775 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Recordkeeping fees | $19,358 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| IQPA audit fees | $14,427 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Investment advisory and management fees | $38,447 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Administrative expenses excluding investment management | $82,661 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Held in common/collective trusts | $2,932,417 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Held in mutual funds | $38,761,459 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008170104NAL0003450195001, received 2025-10-08 |
| Independent auditor | EIDE BAILLY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008170104NAL0003450195001, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008170104NAL0003450195001, received 2025-10-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NEWPORT GROUP, INC.recordkeeper | RECORDKEEPER | 13 Contract administrator; 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar) | $54,134 | yes |
| NFP RETIREMENT, INC. | ADVISOR | 10 Accounting (including auditing); 27 Investment advisory (plan) | $38,447 | no |
| EIDE BAILLY LLP | AUDITOR | 10 Accounting (including auditing) | $14,427 | no |
| NEWPORT TRUST COMPANY | TRUSTEE | 12 Claims processing; 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 65 Account maintenance fees | $14,101 | yes |
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 20251008170104NAL0003450195001, received 2025-10-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $35,182,740 | $41,772,188 | 18.7% |
| Participants with a balance | 350 | 388 | 10.9% |
| Administrative expenses | $99,050 | $121,108 | 22.3% |
| Recordkeeping fees per participant | $41.83 | $49.89 | 19.3% |
| Employer contributions | $1,134,509 | $1,254,020 | 10.5% |
Prior filing 20241010095621NAL0033752816001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: UNIVERSITY FINANCIAL CORPORATION; SEC registrant: University Financial Corp., GBC (CIK 1933296, matched by EIN).