Plan Snapshot
- Plan Sponsor: Webster Machine Works, LLC
- Sponsor EIN: 721146453
- Sponsor Address: PO BOX 267, MINDEN, LA, 71058
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 41
- Total Assets: $0
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 | 41 | $0 | $538,544 | $33,744 |
| 2023 | 44 | $0 | $656,906 | $39,913 |
| 2022 | 46 | $0 | $686,285 | $41,524 |
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 |
|---|---|---|---|---|
| IMS MARKETING, INC. | Recordkeeper | $19,152 | — | $19,152 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,152
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 | $572,288 | — | — | — | — |
| 2023 | $696,819 | — | — | — | — |
| 2022 | $746,103 | — | — | — | — |