Plan Snapshot
- Plan Sponsor: Weld, INC.
- Sponsor EIN: 591920814
- Sponsor Address: 101 PINE AVENUE, ANNA MARIA, FL, 34216
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 160
- Total Assets: $2.9M
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 | 160 | $2.9M | $437,304 | $324,861 |
| 2023 | 231 | $4.5M | $271,337 | $451,078 |
| 2022 | 248 | $3.6M | $439,930 | $413,819 |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $44,002 | — | $44,002 |
| GREENLINE WEALTH MANAGEMENT. | Other Service Provider | $16,644 | — | $16,644 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,646
- Estimated Expense Ratio: 2.076% 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 | $60,646 | $16,644 | $44,002 | — | — |
| 2023 | $42,541 | $11,372 | $31,169 | — | — |
| 2022 | $39,175 | $10,235 | $28,940 | — | — |