Plan Snapshot
- Plan Sponsor: Fort Walton Machining, INC.
- Sponsor EIN: 592823872
- Sponsor Address: 43 JET DRIVE NW, FORT WALTON BEACH, FL, 325484807
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 139 | $4.8M | $45,751 | $360,406 |
| 2023 | 133 | $4.1M | $48,308 | $364,580 |
| 2022 | 136 | $3.5M | $50,982 | $368,926 |
| 2021 | 128 | $3.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| AVIZO GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $25,628 | $24,149 | $119 | — | — |
| 2023 | $17,538 | $17,475 | $63 | — | — |
| 2022 | $1,873 | — | $1,873 | — | — |
| 2021 | $5,679 | — | $5,679 | — | — |