Plan Snapshot
- Plan Sponsor: Waterstone Mortgage Corporation
- Sponsor EIN: 392001010
- Sponsor Address: 17950 WEST COPORATE DRIVE, BROOKFIELD, WI, 53045
- Plan Type: 401(k)
- Total Participants: 418
- Total Assets: $42.4M
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 | 418 | $42.4M | $867,571 | $3.6M |
| 2023 | 531 | $37.8M | $882,895 | $3.6M |
| 2022 | 543 | $36.2M | $1.2M | $4.5M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $75,516 | $27 | $75,543 |
| GLOBAL RETIREMENT PARTNERS LLC | SERVICE PROVIDER | — | $40,000 | $40,000 |
| RICHEY MAY & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — SERVICE PROVIDER
- RICHEY MAY & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,543
- 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 | $75,516 | — | $70,966 | — | — |
| 2023 | $66,504 | — | $8,251 | — | — |
| 2022 | $116,505 | $40,000 | — | — | — |