Plan Snapshot
- Plan Sponsor: Wealth Enhancement Group, LLC
- Sponsor EIN: 753100788
- Sponsor Address: 505 HIGHWAY 169 N STE 900, PLYMOUTH, MN, 55441
- Plan Type: 401(k)
- Total Participants: 1,581
- Total Assets: $198.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,581 | $198.6M | $8.0M | $22.3M |
| 2023 | 1,277 | $147.2M | $6.3M | $17.0M |
| 2022 | 1,096 | $101.7M | $5.0M | $13.0M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES LLC | Recordkeeper | $33,601 | — | $33,601 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $8,235 | — | $8,235 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,836
- 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 | $34,812 | $8,235 | — | — | — |
| 2023 | $28,085 | $2,963 | — | — | — |
| 2022 | $30,990 | $2,442 | — | — | — |