Universal Property & Casualty 401(k) Review & Grade
Universal Property & Casualty 401(k) Profit Sharing Plan
Fort Lauderdale, FLFinance & Insurance1,074 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,421Employer $ per active participant
$5,682Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$82.7MNet plan assets, end of year
$74,804Average balance per account
Score breakdown
- Employer generosity23.2 / 5046th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 83th |
| Employee saving | 31th |
| Peers that auto-enroll | 62% |
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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 Property & Casualty put in about $3,421 per active participant, below the typical peer ($3,606). 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 | $3,675,742 |
| Participant (employee) contributions | $6,104,794 |
| Other contributions (incl. rollovers in) | $346,373 |
| Administrative expenses paid from the plan | $48,041 |
| Investment advisory & management fees | $1,500 |
| Benefits paid out | $5,745,710 |
| Net assets, start / end of year | $68.4M / $82.7M |
| Active participants, start / end of year | 1,191 / 958 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
| Employer stock held by plan | $1,872,371 |
Largest service providers (Schedule C)
| Adp, Inc. | $48,040 reported compensation |
| Charles Schwab & Co, Inc. | $156 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806205017NAL0003171411001, received 2025-08-06, EIN 65-0789077, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.