Plan Ledger DOL Form 5500 · updated monthly

University Medical Associates of the Medical Univ. of South CarolinaProfit-sharing plan

UMA RETIREMENT PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

University Medical Associates of the Medical Univ. of South Carolina reported $653,118 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $15,961 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 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 13th-largest of 807 plans among South Carolina employers on file, and the 217th of 11,911 in health care & social assistance. active participation has grown from 2,454 to 3,046 since 2022.

Plan summary
Net assets, end of year$847,554,937
Participants with balances4,118
Active participants3,046
Employer contributions$48,617,516
Employee contributions—
Employer contribution per active participant$15,961
Average account balance$205,817
Benefits paid to participants$48,729,023
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$847.6M · 4,118 accts · $48.6M emplr
2023$756.3M · 3,613 accts · $42.4M emplr
2022$646.0M · 3,254 accts · $41.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$360,291
Investment management$181,897
Audit (IQPA)$35,595
Trustee / custodial$75,335
Total administrative$653,118
Employer contributions to the University Medical Associates of the Medical Univ. of South Carolina plan · 2024
Employer contribution per active participant$15,961
Median for plans this size$4,294
2024$15,961 per active participant
2023$15,267 per active participant
2022$16,692 per active participant

University Medical Associates of the Medical Univ. of South Carolina's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20245
MILLIMAN, INC. · Recordkeeping · Pension consulting$360,291
CAPFINANCIAL PARTNERS, LLC · Custodial (securities) · Investment management$181,897
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$75,335
FORVIS MAZARS, LLP · Accounting / audit$35,595
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$653,118 · 0.08%
2023$557,219 · 0.08%
2022$560,025 · 0.09%
All plans at this employer2
UMA RETIREMENT PLANProfit-sharing plan
UMA SUPPLEMENTAL 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Prisma Health SC$2.2B · 0.02%
Summa Health OH$855.2M
Camc Health System, Inc. WV$852.8M · 0.13%
Thedacare Inc. WI$837.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570935917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.