Plan Snapshot
- Plan Sponsor: Severson & Werson
- Sponsor EIN: 942774518
- Sponsor Address: 595 MARKET STREET SUITE 2600, SAN FRANCISCO, CA, 94105
- Plan Type: DC
- Total Participants: 63
- Total Assets: $52.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 63 | $52.8M | $525,141 | $667,355 |
| 2023 | 66 | $51.6M | $775,305 | $763,226 |
| 2022 | 70 | $48.1M | $463,668 | $777,875 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $66,344 | — | $66,344 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $22,312 | — | $22,312 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $20,148 | — | $20,148 |
| WELLTH ADVISORY SERVICES LLC | Investment Advisor | $7,438 | — | $7,438 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,242
- Estimated Expense Ratio: 0.220% 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 | $116,242 | $49,898 | — | — | — |
| 2023 | $115,038 | $49,146 | — | — | — |
| 2022 | $120,532 | $52,423 | $67,809 | — | $300 |