Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Univest Financial
Univest Financial 401(k)
- UVSP Nasdaq
- Finance and insurance
- Souderton, PA
- EIN 23-1886144
- 1 plan with Schedule H financials
- Plan year 2024
- Univest Financial Corporation
- SEC registrant UNIVEST FINANCIAL Corp
Administrative expenses excluding investment management, per participant · Univest Financial Corporation Deferred Salary Savings Plan · plan year 2024
$167.52
Higher than 79% of the 8,758 plans $50 to 250M that report it.
Source
= $186,618 / 1,114
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626134546NAL0021561186001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626134546NAL0021561186001, received 2025-06-26
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-06-26.
Cost and contributions
Administrative expenses per participant
$168.19
Higher than 63% of the 9,042 plans $50 to 250M that report it.
Source
= $187,369 / 1,114
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626134546NAL0021561186001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626134546NAL0021561186001, received 2025-06-26
Administrative expenses as a share of assets
0.154%
Higher than 56% of the 9,049 plans $50 to 250M that report it.
Source
= $187,369 / $121,321,696
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626134546NAL0021561186001, received 2025-06-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626134546NAL0021561186001, received 2025-06-26
Employer contributions per participant
$1,913
Higher than 30% of the 9,105 plans $50 to 250M that report it.
Source
= $2,130,673 / 1,114
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626134546NAL0021561186001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626134546NAL0021561186001, received 2025-06-26
Employer share of total contributions
21.5%
Higher than 23% of the 9,112 plans $50 to 250M that report it.
Source
= $2,130,673 / $9,908,026
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626134546NAL0021561186001, received 2025-06-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626134546NAL0021561186001, received 2025-06-26
Plan terms, as stated in Univest Financial Corporation's SEC filings
Plan terms are described in Univest Financial Corporation's SEC filings: Form 11-K filed 2019-06-25 and Form 10-K filed 2026-02-23. No term could be quoted from them with the required precision.
Plan features
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250626134546NAL0021561186001, received 2025-06-26
Full record, Univest Financial Corporation Deferred Salary Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UNIVEST FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Plan name | UNIVEST FINANCIAL CORPORATION DEFERRED SALARY SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Sponsor EIN / plan number | 23-1886144 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Sponsor location | SOUDERTON, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Industry (business code) | 522190, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Filing received | 2025-06-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Participants, beginning of year | 1,180 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Active participants | 917 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Participants, end of year | 1,133 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Participants with an account balance | 1,114 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total assets, beginning of year | $109,454,489 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total assets, end of year | $121,321,696 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Net assets, end of year | $121,321,696 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total income | $24,395,593 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Net income | $11,867,207 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Employer contributions | $2,130,673 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Participant contributions | $7,164,349 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Other contributions (incl. rollovers) | $613,004 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total contributions | $9,908,026 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Benefit payments | $12,340,979 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total expenses (incl. benefit payments) | $12,528,386 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Total administrative expenses | $187,369 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Contract administrator fees | $186,618 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Investment advisory and management fees | $751 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Administrative expenses excluding investment management | $186,618 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Held in common/collective trusts | $3,740,891 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Held in mutual funds | $111,270,981 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250626134546NAL0021561186001, received 2025-06-26 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250626134546NAL0021561186001, received 2025-06-26 |
Position = column in the DOL layout for form year 2024. Filing 20250626134546NAL0021561186001, received 2025-06-26.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERVICrecordkeeper | RETAINED BY PLAN SPONSOR | 15 Recordkeeping and information management; 64 Recordkeeping fees; 37 Participant loan processing; 62 Float revenue | $186,618 | 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 20250626134546NAL0021561186001, received 2025-06-26.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $109,454,489 | $121,321,696 | 10.8% |
| Participants with a balance | 1,160 | 1,114 | -4.0% |
| Administrative expenses | $193,382 | $187,369 | -3.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $2,195,067 | $2,130,673 | -2.9% |
Prior filing 20240627104705NAL0014200096001, received 2024-06-27; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: UNIVEST FINANCIAL CORPORATION; SEC registrant: UNIVEST FINANCIAL Corp (CIK 102212, matched by EIN; display name from the Form 10-K cover).