Retirement plan

UMGC VENTURES, INC. 401(K) PLAN

Name: UMGC VENTURES, INC. - UMGC VENTURES, INC. 401(K) PLAN (2024) Form 5500
Creator: UMGC VENTURES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UMGC VENTURES, INC. 401(K) PLAN, UMGC VENTURES, INC.

UMGC VENTURES, INC.EIN 81-2898004Plan #001PY 2024

7315 WISCONSIN AVENUE, SUITE 400 - BETHESDA, MD 20814301-990-7898umucventures.orgLinkedIn51-200 employeeshigher education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.5M

+20.4% from 2023

Total participants

235

-0.4% from 2023

Average account balance

$92,334

+22.0% from 2023

Annual return

20.50%

+1.03 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$21.51M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$92K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

233

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$327

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$76,083
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Filed as: MML INVESTORS SERVICES, LLC Service code 27 · EIN 04-2746212	Advisory (Plan)	$34,642
TRIBRIDGE PARTNERS FINANCIAL LLC1 year Filed as: TRIBRIDGE PARTNERS FINANCIAL Service code 27	Advisory (Plan)	$22,284
RETIREMENT BENEFIT SOLUTIONS4 years Service code 13 · EIN 54-1953648	Contract Administrator	$9,024
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26	Advisory (Participants)	$0
TRIBRIDGE PARTNERS FINANCIAL LLC1 year Service code 27 · EIN 99-1321623	Advisory (Plan)	$0

Plan features & details

Pension benefit codes3H2E2J2K2F2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$76K

$448 / participant

Contract admin$76K100.0%

% of EOY assets

0.354%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GELMAN, ROSENBERG & FREEDMAN, PC
Auditor EIN: 521392008
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,334

$60,454+52.7%

$81,844+12.8%

$74,459+24.0%

Participation rate

98.8%

63.0%+35.9pp

72.4%+26.4pp

67.2%+31.6pp

Annual return

20.50%

16.87%+3.6pp

778.87%-758.4pp

1369.70%-1349.2pp

Employer contribution / active EE

$9,856

$2,630+274.8%

$2,916+238.0%

$2,626+275.4%

Participant deferral / active EE

$9,697

$3,398+185.4%

$4,323+124.3%

$4,350+122.9%

Admin fee / account holder

$327

$1,490-78.1%

$7,355-95.6%

$1,945-83.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$76,083

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 27 · EIN 04-2746212

Advisory (Plan)

$34,642

TRIBRIDGE PARTNERS FINANCIAL LLC1 year

Filed as: TRIBRIDGE PARTNERS FINANCIAL

Service code 27

Advisory (Plan)

$22,284

RETIREMENT BENEFIT SOLUTIONS4 years

Service code 13 · EIN 54-1953648

Contract Administrator

$9,024

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26

Advisory (Participants)

TRIBRIDGE PARTNERS FINANCIAL LLC1 year

Service code 27 · EIN 99-1321623

Advisory (Plan)

UMGC VENTURES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UMGC VENTURES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion