Plan Ledger DOL Form 5500 · updated monthly

University Management, Inc.401(k)

UNIVERSITY MANAGEMENT, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST · COLUMBUS, MS · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

University Management, Inc. reported $4,680 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $170 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 0.21% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Mississippi (235th of 367), and the 869th of 2,240 in accommodation & food services. In 2024, employees put in $3.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,136,925
Participants with balances327
Active participants550
Employer contributions$93,471
Employee contributions$372,604
Employer contribution per active participant$170
Average account balance$15,709
Benefits paid to participants$383,214
Plan auditUnmodified (clean) audit opinion
AuditorT.E. LOTT & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 327 accts · $93K emplr
2023$4.4M · 312 accts · $92K emplr
2022$4.0M · 299 accts · $84K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,680
Total administrative$4,680
The University Management, Inc. 401(k) match · 2024
Employer contribution per active participant$170
Median for plans this size$1,313
2024$170 per active participant
2023$153 per active participant
2022$152 per active participant

University Management, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ADVISORY GROUP · Recordkeeping · Participant communication$1,455
AZALEA ADMINISTRATION · Contract administrator$5,897

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,680 · 0.10%
2023$4,982 · 0.12%
2022$9,523 · 0.21%
Same employer
Similar plansAccommodation & Food Services · Mississippi
New Palace Casino, LLC MS$19.4M · 0.47%
Rpm Pizza, LLC MS$16.1M · 0.16%
Retzer Resources, Inc. MS$4.4M · 2.03%
Ten D Enterprises, Inc. MS$2.2M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640657688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.