# Weg Electric Corp. 401(k) Plan
Source: https://planprovider.pro/companies/weg-electric-corp-plan-002

> Weg Electric Corp.'s 401(k) plan: 1,170 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Weg Electric Corp.

- **Sponsor EIN:** 650280210

- **Sponsor Address:** 6655 SUGARLOAF PARKWAY, DULUTH, GA, 300974907

- **Plan Type:** 401(k)

- **Total Participants:** 1,170

- **Total Assets:** $109.6M

## 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|1,170|$109.6M|$3.1M|$6.2M|

| 2023|821|$69.2M|$1.7M|$5.0M|

| 2022|759|$58.4M|$1.5M|$4.5M|

## 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|

| MOORE COLSON|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|$185,271|$36,088|—|—|—|

| 2023|$126,936|$25,040|—|—|—|

| 2022|$132,582|$24,588|$6,677|—|—|

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