Plan Snapshot
- Plan Sponsor: Washington Mills Management, INC.
- Sponsor EIN: 261206539
- Sponsor Address: 1801 BUFFALO AVE., NIAGARA FALLS, NY, 14302
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $72.6M
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 | 216 | $72.6M | $1.2M | $1.6M |
| 2023 | 218 | $65.1M | $1.2M | $1.5M |
| 2022 | 209 | $59.0M | $930,675 | $1.3M |
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 |
|---|---|---|---|---|
| STOWE & DEGON | Auditor | $15,400 | — | $15,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,400
- Estimated Expense Ratio: 0.021% 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 | $126,419 | $22,513 | — | $15,400 | — |
| 2023 | $111,201 | $32,184 | — | — | — |
| 2022 | $129,606 | $16,001 | $113,605 | — | — |