Plan Snapshot
- Plan Sponsor: Board Of Trustees, Western States Ironworkers Shopmens 401(K) Plan
- Sponsor EIN: 931233183
- Sponsor Address: 601 UNION ST, STE 1450, SEATTLE, WA, 98101
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $9.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 146 | $9.7M | $183,554 | $274,477 |
| 2023 | 143 | $8.5M | $186,045 | $306,666 |
| 2022 | 299 | $7.7M | $218,618 | $371,732 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIRST HILL TRUST COMPANY | NONE | $56,804 | — | $56,804 |
| LAW OFFICE OF RICHARD A EKMAN, PLLC | NONE | $6,000 | — | $6,000 |
| WELLS FARGO ADVISORS | NONE | $5,000 | — | $5,000 |
| CLARK, RAYMOND & COMPANY PLLC | Auditor | $3,750 | — | $3,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,554
- Estimated Expense Ratio: 0.739% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $82,574 | $5,000 | — | $3,750 | — |
| 2023 | $84,055 | $5,000 | — | $4,500 | — |
| 2022 | $69,547 | $5,000 | $54,113 | — | $3,600 |