Plan Snapshot
- Plan Sponsor: Watkins Benefits, LLC
- Sponsor EIN: 461613389
- Sponsor Address: 1301 SCOTT STREET, MISSOULA, MT, 59802
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 327
- Total Assets: $946,337
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 327 | $946,337 | $2.4M | $344,389 |
| 2023 | 256 | $1.2M | $2.2M | $227,347 |
| 2022 | 246 | $582,002 | $2.1M | $189,718 |
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 |
|---|---|---|---|---|
| ALLEGIANCE BENEFIT PLAN MANAGEMENT | Other Service Provider | $30,878 | $1,620 | $32,498 |
| ALLEGIANCE CARE MANAGEMENT, INC. | Other Service Provider | $5,852 | — | $5,852 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,350
- Estimated Expense Ratio: 4.052% 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 | $36,730 | — | $36,730 | — | — |
| 2023 | $87,125 | — | $67,625 | $19,500 | — |
| 2022 | $69,498 | — | $55,559 | — | $13,939 |