Plan Snapshot
- Plan Sponsor: Weld-Rite Service, INC.
- Sponsor EIN: 362841861
- Sponsor Address: 6715 W. 73RD STREET, BEDFORD PARK, IL, 60638
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $8.5M
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 | 114 | $8.5M | $54,325 | $531,473 |
| 2023 | 111 | $8.0M | $120,000 | $503,455 |
| 2022 | 105 | $7.0M | $108,000 | $503,708 |
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 |
|---|---|---|---|---|
| EIFEL RAMBO ADVISORY GROUP LTD. | Auditor | $14,229 | — | $14,229 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,229
- Estimated Expense Ratio: 0.167% 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 | $35,610 | $20,306 | — | $14,229 | — |
| 2023 | $19,349 | $18,899 | — | — | — |
| 2022 | $20,327 | — | — | — | — |