Plan Snapshot
- Plan Sponsor: The Wells Group, LLC
- Sponsor EIN: 610710998
- Sponsor Address: 611 WEST MAIN, WEST LIBERTY, KY, 41472
- Plan Type: DC
- Total Participants: 235
- Total Assets: $17.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 235 | $17.8M | $4.0M | $0 |
| 2023 | 255 | $13.3M | $3.0M | $0 |
| 2022 | 219 | $9.1M | $2.0M | $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 |
|---|---|---|---|---|
| BESTEN & DIERUF, PLLC | Auditor | $15,800 | — | $15,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,800
- Estimated Expense Ratio: 0.089% 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 | $19,690 | — | — | $15,800 | — |
| 2023 | $19,015 | — | — | $7,950 | — |
| 2022 | $22,300 | — | — | — | — |