Plan Snapshot
- Plan Sponsor: Wadhams Enterprises, INC.
- Sponsor EIN: 161397441
- Sponsor Address: 369 BOSTWICK RD, PHELPS, NY, 145329309
- Plan Type: 401(k)
- Total Participants: 679
- Total Assets: $36.5M
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 | 679 | $36.5M | $729,088 | $1.9M |
| 2023 | 551 | $25.7M | $666,679 | $1.6M |
| 2022 | 581 | $22.3M | $647,375 | $1.6M |
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 |
|---|---|---|---|---|
| JAMES P REAGAN AGENCY | N/A | $82,471 | — | $82,471 |
| BENEFIT PLANS ADMIN SERVICES INC. | N/A | $53,208 | — | $53,208 |
| FREED MAXICK PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,679
- Estimated Expense Ratio: 0.372% 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 | $135,679 | $82,471 | $53,006 | — | — |
| 2023 | $116,746 | $71,725 | $24,595 | — | — |
| 2022 | $112,430 | $87,200 | $23,159 | — | — |