Universal Technical Institute, Inc. 401(k) Review & Grade
Universal Technical Institute, Inc. 401(k) Plan
Phoenix, AZEducational Services3,696 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,164Employer $ per active participant
$5,232Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$188.3MNet plan assets, end of year
$46,251Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 33th |
| Employee saving | 79th |
| Peers that auto-enroll | 65% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Universal Technical Institute put in about $1,164 per active participant, more than the typical peer ($1,155). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.21% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,303,263 |
| Participant (employee) contributions | $19,339,569 |
| Other contributions (incl. rollovers in) | $2,085,795 |
| Administrative expenses paid from the plan | $368,501 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $104,748 |
| Benefits paid out | $16,162,853 |
| Net assets, start / end of year | $159.0M / $188.3M |
| Active participants, start / end of year | 3,502 / 3,891 |
| Participants with account balances | 4,071 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $252,426 reported compensation |
| Sageview Advisory Group, LLC | $56,000 reported compensation |
| Strategic Advisors, Inc. | $48,748 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003110900NAL0000807603001, received 2025-10-03, EIN 86-0226984, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.