Plan Ledger DOL Form 5500 · updated monthly

Universal Woods, LLC401(k)

UW SOLUTIONS RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Universal Woods, LLC reported $88,118 in plan administrative expenses for 2023: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,843 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 0.46% to 0.89%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 292nd-largest of 871 plans among Kentucky employers on file, and the 5,576th of 11,654 in professional & technical services. In 2023, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,827,431
Participants with balances289
Active participants232
Employer contributions$659,571
Employee contributions$1,301,907
Employer contribution per active participant$2,843
Average account balance$68,607
Benefits paid to participants$3,723,104
Plan auditQualified audit opinion
AuditorDEMING, MALONE, LIVESAY, OSTROFF
Plan history2
Yearassets · accounts · employer contribution
2024$11K · 1 accts · $559K emplr
2023$19.8M · 289 accts · $660K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$88,118
Total administrative$88,118
The Universal Woods, LLC 401(k) match · 2023
Employer contribution per active participant$2,843
Median for plans this size$2,440
2024$558,771 per active participant
2023$2,843 per active participant

Universal Woods, LLC's 2023 employer contribution ran above the $2,440 median for plans its size. 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$88,117
STOCK YARDS BANK & TRUST · Other servicesindirect comp

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

Administrative cost history2
2024$87,787 · 0.89%
2023$88,118 · 0.46%
Same employer
Similar plansProfessional & Technical Services · Kentucky
QK4 Inc. KY$23.1M · 0.44%
Universal Woods, LLC KY$18.6M · 0.44%
Health Tech Solutions LLC KY$18.5M · 0.33%
Boehl Stopher & Graves, LLP KY$17.4M · 0.23%
Certilytics, Inc. KY$14.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833763714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.