University Development Corp 401(k) Review & Grade
Udc 401k Plan
Shreveport, LAReal Estate & Rental778 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$115Employer $ per active participant
$534Employee $ saved per active participant
2.49%Direct admin cost, % of plan assets
$3.1MNet plan assets, end of year
$3,280Average balance per account
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 1th |
| Employee saving | 3th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,020 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- University Development put in about $115 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- 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 (2.49% of assets) are well above similar-size plans (0.23%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $89,511 |
| Participant (employee) contributions | $416,074 |
| Other contributions (incl. rollovers in) | $311,776 |
| Administrative expenses paid from the plan | $71,553 |
| Investment advisory & management fees | $7,232 |
| Benefits paid out | $643,005 |
| Net assets, start / end of year | $2.6M / $3.1M |
| Active participants, start / end of year | 957 / 600 |
| Participants with account balances | 947 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Heard Mcelroy & Vestal LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $53,755 reported compensation |
| Heard Mcelroy & Vestal LLC | $10,400 reported compensation |
| LPL Financial Corporation | $7,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251111093421NAL0002797699001, received 2025-11-11, EIN 72-1027314, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.