Plan Snapshot
- Plan Sponsor: Wallace Design Collective, PC
- Sponsor EIN: 731322436
- Sponsor Address: 123 N. MARTIN LUTHER KING JR. BLVD, TULSA, OK, 74103
- Plan Type: 401(k)
- Total Participants: 291
- Total Assets: $30.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 291 | $30.4M | $768,005 | $2.0M |
| 2023 | 290 | $26.3M | $675,886 | $1.8M |
| 2022 | 239 | $19.7M | $0 | $1.5M |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FIN NETWORK LL | INVESTMENT ADVISOR | $66,726 | — | $66,726 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $16,208 | — | $16,208 |
| HOOD AND ASSOCIATES CPAS, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,934
- Estimated Expense Ratio: 0.272% 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 | $83,489 | — | $83,489 | — | — |
| 2023 | $65,346 | — | $65,346 | — | — |
| 2022 | $60,119 | — | $60,119 | — | — |