Uma Education, Inc. 401(k) Review & Grade
Uma Education, Inc. 401(k) Retirement Plan
Tampa, FLEducational Services2,554 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$861Employer $ per active participant
$3,035Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$55.9MNet plan assets, end of year
$18,832Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 25th |
| Employee saving | 39th |
| Peers that auto-enroll | 65% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,632 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uma Education put in about $861 per active participant, below the typical peer ($1,155). 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 (0.28% of assets) are well above similar-size plans (0.12%). 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 | $2,198,288 |
| Participant (employee) contributions | $7,751,974 |
| Other contributions (incl. rollovers in) | $572,403 |
| Administrative expenses paid from the plan | $138,022 |
| Benefits paid out | $5,111,105 |
| Net assets, start / end of year | $44.4M / $55.9M |
| Active participants, start / end of year | 1,958 / 3,151 |
| Participants with account balances | 2,969 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Symphona |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $138,022 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908161021NAL0019625281001, received 2025-09-08, EIN 47-2578950, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.