Plan Snapshot
- Plan Sponsor: Walters Management Company, INC.
- Sponsor EIN: 222544115
- Sponsor Address: 500 BARNEGAT BLVD. NORTH, BLDG. 100, BARNEGAT, NJ, 08005
- Plan Type: 401(k)
- Total Participants: 111
- Total Assets: $12.4M
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 | 111 | $12.4M | $326,161 | $515,489 |
| 2023 | 100 | $11.6M | $292,660 | $469,533 |
| 2022 | 82 | $9.6M | $278,493 | $444,929 |
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 |
|---|---|---|---|---|
| RTD FINANCIAL ADVISORS, INC. | INVESTMENT ADVISOR | $33,829 | — | $33,829 |
| FUTUREPLAN BY ASCENSUS | CONTRACT ADMIN | $12,973 | — | $12,973 |
| EMPOWER ANNUITY INS. CO. OF AMERICA | RECORDKEEPER | $9,851 | — | $9,851 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,653
- Estimated Expense Ratio: 0.459% 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 | $100,578 | — | $100,578 | — | — |
| 2023 | $46,047 | — | $85,482 | — | — |
| 2022 | $52,933 | — | $52,933 | — | — |