Plan Snapshot
- Plan Sponsor: Welch Bros., INC.
- Sponsor EIN: 363115602
- Sponsor Address: P.O. BOX 749, ELGIN, IL, 601210749
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 205
- Total Assets: $55.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 205 | $55.5M | $3.2M | $775,143 |
| 2023 | 197 | $55.4M | $2.9M | $767,556 |
| 2022 | 200 | $47.1M | $2.6M | $718,035 |
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 |
|---|---|---|---|---|
| EDWARD D JONES & CO LP | Investment Advisor | $102,161 | — | $102,161 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,161
- Estimated Expense Ratio: 0.184% 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 | $1,775 | $1,775 | — | — | — |
| 2023 | $700 | — | — | — | — |
| 2022 | $649 | $649 | — | — | — |