Plan Ledger DOL Form 5500 · updated monthly

Universal Products, Inc.401(k)

UNIVERSAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN · GODDARD, KS · plan year 2022

Reported admin expense ratio · 2022
0.51%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Universal Products, Inc. reported $31,494 in plan administrative expenses for 2022: 0.51% of average plan assets, above the peer median. Employer contributions averaged $248 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.51% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kansas (635th of 828), and 10,931st of 13,661 in manufacturing. In 2022, employees put in $10.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,515,027
Participants with balances110
Active participants122
Employer contributions$30,211
Employee contributions$322,589
Employer contribution per active participant$248
Average account balance$50,137
Benefits paid to participants$652,808
Plan auditUnmodified (clean) audit opinion
AuditorADAMSBROWN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 93 accts · $24K emplr
2023$5.4M · 104 accts · $26K emplr
2022$5.5M · 110 accts · $30K emplr
Administrative expenses, itemized · 2022
Professional / advisory$5,000
Total administrative$31,494
The Universal Products, Inc. 401(k) match · 2022
Employer contribution per active participant$248
Median for plans this size$1,114
2024$192 per active participant
2023$217 per active participant
2022$248 per active participant

Universal Products, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Bank of America / Merrill, Transamerica
2023Transamerica

This plan has changed recordkeepers within these filings. If you left Universal Products, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,771 · 0.33%
2023$33,218 · 0.61%
2022$31,494 · 0.51%
Same employer
Similar plansManufacturing · Kansas
Atec Steel, LLC KS$5.9M · 0.53%
Fruhauf Uniforms, Inc. KS$5.8M · 0.37%
Hess Services, Inc. KS$5.7M · 0.86%
Hi-Lo Industries, Inc. KS$5.7M · 0.24%
Orange Ev LLC KS$5.3M · 1.21%
Farrar Corporation KS$5.2M · 0.82%
Legacy Technologies LLC KS$5.2M · 0.65%
3P Processing LLC KS$5.0M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480883280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.