IMP Splitter 1X2

...need a splitter with a transformer in it as simple Y cables tend to be more susceptible to noise. Whirlwind IMP Splitter 1X2 comes to mind.

You really don't want to do that. You very well may damage your UA-101 or the Behringer. You need a splitter with an isolated output that will prevent phantom power going to the other mic pre. Here is one option, Whirlwind IMP Splitter 1X2 | Sweetwater.com

...happen to output a bypass signal simultaneously with a wet signal. SO now I'm looking at mic splitters Whirlwind IMP Splitter 1X2 | Sweetwater.com but it's starting to sound like I'm going down a twisted path (and I was feeling better about the project when it was < $100 honestly)... Any thoughts?...