Plan Snapshot
- Plan Sponsor: Headwater Companies, LLC
- Sponsor EIN: 200319914
- Sponsor Address: 9255 COVERDALE ROAD, FORT WAYNE, IN, 46809
- Plan Type: 401(k)
- Total Participants: 851
- Total Assets: $60.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 851 | $60.8M | $2.2M | $4.1M |
| 2023 | 932 | $53.5M | $2.1M | $3.6M |
| 2022 | 903 | $44.2M | $2.1M | $3.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $112,306 | — | $112,306 |
| GJC CPA'S & ADVISORS | ACCOUNTANT | $11,750 | — | $11,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,056
- Estimated Expense Ratio: 0.204% 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 | $140,124 | $19,518 | $108,856 | $11,750 | — |
| 2023 | $140,757 | $15,057 | $119,852 | — | — |
| 2022 | $132,957 | $11,253 | $97,733 | — | $19,551 |