Pennsylvania › Finance and insurance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Univest Financial Corporation Retirement Plan
Sponsored by Univest Financial Corporation, Souderton, PA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Univest Financial Corporation of Souderton, Pennsylvania sponsors Univest Financial Corporation Retirement Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 380 participants (129 active) and $56.8M in net assets.
Net assets came to $149,414 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $20K: $52.79 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $20K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $21.6M in 2009 to $56.8M in 2024 (up 163%), and participants from 653 to 380 (down 42%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $149,414 | $87,254 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $7,849 | $10,244 |
| Schedule C compensation per participant | $52.79 | $413 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.04% | 0.51% | 0.32% | 0.42% |
| Administrative expenses per participant | $52.79 | $596 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 380 | $56.8M | $149,413 | — | — | $20K |
| 2023 | 427 | $54.3M | $127,279 | — | — | $5,000 |
| 2022 | 432 | $49.4M | $114,350 | — | — | $0 |
| 2021 | 441 | $60.5M | $137,141 | — | — | $0 |
| 2020 | 450 | $55.4M | $123,038 | — | — | $0 |
| 2019 | 457 | $51.6M | $112,928 | — | — | $0 |
| 2018 | 463 | $45.4M | $98,011 | — | — | $0 |
| 2017 | 476 | $49.8M | $104,523 | $3.0M | — | $0 |
| 2016 | 494 | $43.4M | $87,891 | $2.0M | — | $0 |
| 2015 | 570 | $43.5M | $76,298 | $2.0M | — | $0 |
| 2014 | 579 | $43.4M | $75,019 | $2.0M | — | $0 |
| 2013 | 597 | $40.5M | $67,918 | — | — | $0 |
| 2012 | 608 | $36.4M | $59,901 | $2.0M | — | $0 |
| 2011 | 633 | $33.2M | $52,469 | $10.2M | — | $0 |
| 2010 | 636 | $24.4M | $38,311 | $2.0M | — | $0 |
| 2009 | 653 | $21.6M | $33,087 | $0 | $0 | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$54,348,178
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$7,020,994
- Benefits paid$4,571,818
- Administrative expenses$20,059
- Total expenses$4,591,877
- Net income$2,429,117
- Net transfers$0
- Net assets, end of year$56,777,295
Participants
- Active participants129
- Retired or separated, receiving benefits207
- Retired or separated, entitled to future benefits28
- Total participants, end of year380
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Franklin Templeton Private Port GP | Investment advisory (plan) | $20,059 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$20,059
- Total administrative expenses$20,059
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$35.0M · 61.7%
- Corporate debt instruments$9.9M · 17.4%
- U.S. Government securities$9.1M · 16.0%
- Cash (interest and non-interest bearing)$2.7M · 4.7%
- Receivables$151K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522190: Other Depository Credit Intermediation.
Other plans of Univest Financial Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Univest Financial Corporation Deferred Salary Savings Plan | 1,133 | $121M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ironworkers Local Union No. 402 Pension Fund | Trustees of Ironworkers Local Union No. 402 Pension Fund | 401 | $15.4M | $38,383 |
| The Glenmede Corporation Retirement Plan | The Glenmede Corporation | 349 | $96.9M | $277,736 |
| Berwind Corporation Employees' Retirement Plan | Berwind Corporation | 447 | $99.4M | $222,365 |
| Group Pension Plan for Employees of Acnb Bank | Acnb Bank | 319 | $46.4M | $145,465 |
| Plumbers & Steamfitters Local 83 Pension Fund | Plumbers & Steamfitter Local 83 | 532 | $55.0M | $103,366 |
| Belco Community Credit Union Cash Balance Defined Benefit Plan and Trust | Belco Community Credit Union | 285 | $39.7M | $139,324 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Univest Financial Corporation Retirement Plan?
380 participants at the end of the plan year ending 31 Dec 2024, of whom 129 were active employees, with net assets of $56,777,295. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Univest Financial Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $20,059 in compensation to service provider organisations, $52.79 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $20,059. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Univest Financial Corporation. Investment advisory or management: Franklin Templeton Private Port GP. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 2 Jul 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 23-1886144, plan 001, received 2 Jul 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.