Plan Snapshot
- Plan Sponsor: Southwestern Wire, INC.
- Sponsor EIN: 731398722
- Sponsor Address: 3505 N INTERSTATE DR, NORMAN, OK, 73069
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 185
- Total Assets: $9.2M
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 | 185 | $9.2M | $86,603 | $628,305 |
| 2023 | 167 | $8.3M | $139,614 | $642,008 |
| 2022 | 167 | $7.3M | $122,012 | $640,249 |
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 | Recordkeeper | $23,374 | — | $23,374 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,374
- Estimated Expense Ratio: 0.255% 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 | $23,573 | $199 | — | — | — |
| 2023 | $21,131 | $2 | — | — | — |
| 2022 | $21,950 | $12,762 | $9,188 | — | — |