Plan Snapshot
- Plan Sponsor: Webbank Corporation
- Sponsor EIN: 870528836
- Sponsor Address: 215 SOUTH STATE STREET, SUITE 1000, SALT LAKE CITY, UT, 84111
- Plan Type: 401(k)
- Total Participants: 237
- Total Assets: $28.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 237 | $28.5M | $1.7M | $2.7M |
| 2023 | 239 | $19.9M | $1.6M | $2.4M |
| 2022 | 217 | $12.9M | $1.3M | $1.8M |
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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,497 | $2,844 | — | — | — |
| 2023 | $5,532 | $914 | — | — | — |
| 2022 | $1,830 | — | — | — | — |