Universal Group 401(k) Review & Grade
Universal Insurance Company Profit Sharing and Savings Plan
Guaynabo, PRProfessional, Scientific & Technical Services1,100 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,119Employer $ per active participant
$3,526Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$134.4MNet plan assets, end of year
$111,410Average balance per account
Score breakdown
- Employer generosity32.6 / 5065th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 37th |
| Employee saving | 18th |
| Peers that auto-enroll | 48% |
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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 Group put in about $4,119 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $4,528,323 |
| Participant (employee) contributions | $3,876,581 |
| Other contributions (incl. rollovers in) | $206,790 |
| Administrative expenses paid from the plan | $420,051 |
| Other admin expenses | $420,051 |
| Benefits paid out | $7,764,696 |
| Net assets, start / end of year | $121.7M / $134.4M |
| Active participants, start / end of year | 1,145 / 1,054 |
| Participants with account balances | 1,206 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM Puerto Rico |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $235,110 reported compensation |
| Empower Annuity Insurance Company | $194,172 reported compensation |
| Cetera Advisor Networks LLC | $93,207 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731135738NAL0006151441001, received 2025-07-31, EIN 66-0313825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.