Plan Snapshot
- Plan Sponsor: The Whalen Company
- Sponsor EIN: 520784012
- Sponsor Address: 8900 GLEBE PARK DRIVE, EASTON, MD, 216011390
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $11.7M
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 | 131 | $11.7M | $714,844 | $420,584 |
| 2023 | 132 | $9.8M | $462,641 | $416,531 |
| 2022 | 127 | $8.9M | $403,637 | $357,459 |
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 |
|---|---|---|---|---|
| GROSS MENDELSOHN & ASSOCIATES, PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $42,295 | $20,973 | $21,322 | — | — |
| 2023 | $37,619 | $18,433 | $19,186 | — | — |
| 2022 | $37,779 | $18,720 | $19,059 | — | — |