Umgc Ventures, Inc. 401(K) Plan — Form 5500 plan (Umgc Ventures, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Umgc Ventures, Inc. 401(K) Plan is a benefit plan reported by Umgc Ventures, Inc. under EIN 81-2898004 and plan number 001. The latest loaded filing year is 2023. The filing reports 220 participants and $17,867,271 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Umgc Ventures, Inc.
- EIN
- 81-2898004
- Plan number
- 001
- Plan type
- 2
- Location
- Bethesda, MD
- Latest filing year
- 2023
- Participants
- 220
- End-of-year plan assets
- $17,867,271
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 220 | H, C | 20240725131150NAL0014115953001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,867,271
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,867,271
- Net assets (BOY)
- $14,151,509
Income & contributions
- Employer contributions
- $1,420,248
- Participant contributions
- $1,322,733
- Total contributions
- $2,953,745
- Total income / additions
- $5,556,796
Expenses & distributions
- Benefits paid
- $1,783,380
- Administrative expenses
- $57,654
- Total expenses
- $1,841,034
- Net increase / (decrease)
- $3,715,762
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $57,604 | $0 | 2023 |
| Mml Investors Services, LLC | INVESTMENT ADVISORY | $0 | $36,786 | 2023 |
| Retirement Benefit Solutions | CONTRACT ADMINISTRATOR | $50 | $6,717 | 2023 |
| Morningstar Investment Management | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Umgc Ventures, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Bethesda, MD
- Principal Life Insurance Company — Schedule C compensation
- Mml Investors Services, LLC — Schedule C compensation
- Retirement Benefit Solutions — Schedule C compensation
- Morningstar Investment Management — Schedule C compensation