University Management, Inc. 401(k) Review & Grade
University Management, Inc. Employees Profit Sharing Plan and Trust
Columbus, MSAccommodation & Food Services634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$147Employer $ per active participant
$587Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$5.1MNet plan assets, end of year
$15,709Average balance per account
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 74th |
| Employee saving | 36th |
| Peers that auto-enroll | 17% |
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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
- University Management put in about $147 per active participant, below the typical peer ($266). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $93,471 |
| Participant (employee) contributions | $372,604 |
| Other contributions (incl. rollovers in) | $2,175 |
| Administrative expenses paid from the plan | $4,680 |
| Contract administrator fees | $4,680 |
| Benefits paid out | $383,214 |
| Net assets, start / end of year | $4.4M / $5.1M |
| Active participants, start / end of year | 719 / 550 |
| Participants with account balances | 327 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | T.e. Lott & Company |
Largest service providers (Schedule C)
| Azalea Administration | $5,897 reported compensation |
| Empower Annutiy Insurance Company | $2,833 reported compensation |
| Empower Advisory Group | $1,455 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827061952NAL0009311553001, received 2025-08-27, EIN 64-0657688, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.