Plan Snapshot
- Plan Sponsor: Wayne Enterprises, INC.
- Sponsor EIN: 760000815
- Sponsor Address: 14300 HOLLISTER, SUITE 100, HOUSTON, TX, 77066
- Plan Type: 401(k)
- Total Participants: 158
- Total Assets: $6.0M
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 | 158 | $6.0M | $144,351 | $424,918 |
| 2023 | 157 | $5.3M | $132,443 | $401,733 |
| 2022 | 125 | $4.3M | $113,924 | $359,233 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $48,793 | — | $48,793 |
| MUTUAL ADVISORS LLC | Investment Advisor | $26,941 | — | $26,941 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,747 | — | $11,747 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,481
- Estimated Expense Ratio: 1.453% 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 | $90,175 | $41,382 | — | — | — |
| 2023 | $51,643 | $35,651 | — | — | — |
| 2022 | $71,790 | — | $71,790 | — | — |