Plan Snapshot
- Plan Sponsor: Weems Industries, INC.
- Sponsor EIN: 421364576
- Sponsor Address: 6509 PARTNERS AVE., MARION, IA, 52302
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 132 | $8.3M | $314,208 | $577,736 |
| 2023 | 133 | $6.8M | $263,375 | $491,558 |
| 2022 | 123 | $5.6M | $228,687 | $427,287 |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $8,441 | — | $8,441 |
| MUTUAL OF OMAHA INVESTOR SERVICES, | NONE | $6,991 | — | $6,991 |
| AMERICAN AUDITORS GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERICAN AUDITORS GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,432
- Estimated Expense Ratio: 0.185% 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 | $18,732 | $7,645 | $11,087 | — | — |
| 2023 | $3,250 | — | $3,250 | — | — |
| 2022 | $2,250 | — | $2,250 | — | — |