Plan Snapshot
- Plan Sponsor: Wayman Fire Protection, INC.
- Sponsor EIN: 510120707
- Sponsor Address: 3540 OLD CAPITAL TRAIL, WILMINGTON, DE, 19808
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 48
- Total Assets: $450,241
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. |
|---|---|---|---|---|
| 2025 | 48 | $450,241 | $0 | $0 |
| 2024 | 52 | $235,029 | $472,480 | $282,631 |
| 2023 | 40 | $153,186 | $665,131 | $123,955 |
| 2022 | 52 | $194,146 | -$69,153 | $259,998 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $62,379 | — | $62,379 |
| PATRIOT (THE SAFEGARD GROUP, INC.) | Investment Advisor | $20,232 | — | $20,232 |
| HIGHMARK OF DELAWARE | Other Service Provider | $15,380 | — | $15,380 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,991
- Estimated Expense Ratio: 21.764% 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 | $749,667 | — | — | — | — |
| 2024 | $679,967 | — | — | — | — |
| 2023 | $830,234 | — | — | — | — |
| 2022 | $750,673 | — | — | — | — |