Plan Ledger DOL Form 5500 · updated monthly

Universal Technical Institute, Inc.401(k)

UNIVERSAL TECHNICAL INSTITUTE, INC. 401(K) PLAN · PHOENIX, AZ · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Universal Technical Institute, Inc. reported $297,031 in plan administrative expenses for 2023: 0.22% of average plan assets, above the peer median. Employer contributions averaged $781 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 1 year on file its reported administrative ratio rose from 0.14% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other educational services employers. By assets it is the 91st-largest of 1,285 plans among Arizona employers on file, and the 343rd of 3,091 in educational services. In 2023, employees put in $5.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$159,008,493
Participants with balances3,711
Active participants3,502
Employer contributions$2,734,619
Employee contributions$16,225,364
Employer contribution per active participant$781
Average account balance$42,848
Benefits paid to participants$13,512,223
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$159.0M · 3,711 accts · $2.7M emplr
2022$112.4M · 2,135 accts · $1.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$203,417
Investment management$81,014
Audit (IQPA)$12,600
Total administrative$297,031
The Universal Technical Institute, Inc. 401(k) match · 2023
Employer contribution per active participant$781
Median for plans this size$3,659
2023$781 per active participant
2022$797 per active participant

Universal Technical Institute, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$205,064
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$48,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$33,014
FORVIS, LLP · Accounting / audit$12,600

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$297,031 · 0.22%
2022$177,386 · 0.14%
Similar plansEducational Services · Arizona
Cable One, Inc. AZ$284.7M · 0.13%
Grand Canyon Education, Inc. AZ$191.7M · 0.20%
Pima Medical Institute AZ$190.1M · 0.07%
Grand Canyon University AZ$158.3M · 0.31%
Imagine Learning LLC AZ$138.4M · 0.31%
Imagine Learning LLC AZ$89.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860891201 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.