Plan Snapshot
- Plan Sponsor: Walstrom Marine, LLC
- Sponsor EIN: 381240624
- Sponsor Address: 501 EAST BAY STREET, HARBOR SPRINGS, MI, 49740
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 171
- Total Assets: $7.7M
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. |
|---|---|---|---|---|
| 2025 | 171 | $7.7M | $0 | $0 |
| 2024 | 136 | $5.8M | $374,020 | $612,200 |
| 2023 | 155 | $4.2M | $403,911 | $551,738 |
| 2022 | 125 | $2.7M | $235,115 | $337,675 |
| 2021 | 69 | $2.8M | $200,192 | $340,357 |
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 |
|---|---|---|---|---|
| GREENLEAF TRUST | Custodian / Trustee | $44,992 | — | $44,992 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,992
- Estimated Expense Ratio: 0.585% 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 |
|---|---|---|---|---|---|
| 2025 | $328,950 | $6,954 | — | — | — |
| 2024 | $8,228 | $6,125 | — | — | — |
| 2023 | $141,623 | — | — | — | — |
| 2022 | $191,499 | — | — | — | — |
| 2021 | $3,557,276 | — | — | — | — |