Plan Snapshot
- Plan Sponsor: P.J. Wallbank Springs, INC.
- Sponsor EIN: 380203607
- Sponsor Address: 2121 BEARD ST, PORT HURON, MI, 480606422
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 159
- Total Assets: $8.9M
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. |
|---|---|---|---|---|
| 2025 | 159 | $8.9M | $0 | $0 |
| 2024 | 116 | $7.4M | $264,151 | $503,029 |
| 2023 | 113 | $6.2M | $246,653 | $439,101 |
| 2022 | 98 | $5.7M | $186,801 | $325,192 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL | Investment Advisor | $23,702 | — | $23,702 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $18,613 | — | $18,613 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,315
- Estimated Expense Ratio: 0.478% 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 |
|---|---|---|---|---|---|
| 2025 | $811,153 | $23,701 | $18,614 | — | — |
| 2024 | $31,206 | $8,702 | $22,504 | — | — |
| 2023 | $20,908 | — | $20,908 | — | — |
| 2022 | $16,813 | — | $16,813 | — | — |