Plan Snapshot
- Plan Sponsor: Waldemar S Nelson & Company, INC
- Sponsor EIN: 720488863
- Sponsor Address: 1200 ST. CHARLES AVENUE, NEW ORLEANS, LA, 701304334
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $97.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 223 | $97.7M | $863,170 | $3.0M |
| 2023 | 227 | $100.0M | $796,936 | $2.8M |
| 2022 | 220 | $94.1M | $777,931 | $2.8M |
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 | $108,519 | — | $108,519 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $45,000 | — | $45,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $153,519
- Estimated Expense Ratio: 0.157% 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 | $188,848 | $45,000 | $108,519 | — | — |
| 2023 | $120,219 | $45,000 | $68,986 | $226 | — |
| 2022 | $119,041 | $45,045 | $73,381 | — | — |