Upper Peninsula Power 401(k) match, vesting and fees
What Upper Peninsula Power's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 289 defined-contribution plans in utilities with 100 to 499 participants.
| Upper Peninsula Power: employer contribution per participant | $4,145 | |
| Peer median | $3,629 |
| Upper Peninsula Power: average balance | $221,467 | |
| Peer median | $86,045 |
| Upper Peninsula Power: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.26% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $18.7M at the end of plan year 2021 to $25M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 114 | $25M | $468K | $4,145 | 0.02% | Not published | 5500-SF ↗ |
| 2023 | 118 | $20.7M | $678K | $5,898 | 0.03% | Not published | 5500-SF ↗ |
| 2022 | 117 | $16.2M | $597K | $5,151 | 0.04% | Not published | 5500-SF ↗ |
| 2021 | 110 | $18.7M | $729K | $6,684 | 0.01% | Not published | 5500-SF ↗ |
Other Upper Peninsula Power plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Upper Peninsula Power Company Administrative 401(k) Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Upper Peninsula Power Company Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson US LLC | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Upper Peninsula Power match 401(k) contributions?
The match terms for the Upper Peninsula Power Company Union 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $468K in employer contributions, about $4,145 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Upper Peninsula Power 401(k) match vested?
The vesting schedule for the Upper Peninsula Power Company Union 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Upper Peninsula Power 401(k)?
The filing names Upper Peninsula Power Company as plan administrator; it does not list a recordkeeper.
I left Upper Peninsula Power. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Upper Peninsula Power Company, (906) 232-1405). The Upper Peninsula Power old 401(k) page lists the contacts from every plan filing. Find an old Upper Peninsula Power 401(k)
Data from the public Form 5500 annual reports Upper Peninsula Power filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Upper Peninsula Power. Not financial advice. Report a correction · Methodology