Plan Snapshot
- Plan Sponsor: Welding Technology Corp
- Sponsor EIN: 363623330
- Sponsor Address: 24775 CRESTVIEW CT, FARMINGTON HILLS, MI, 48335
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $10.3M
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 | 104 | $10.3M | $113,283 | $568,611 |
| 2023 | 109 | $9.7M | $124,707 | $557,005 |
| 2022 | 107 | $8.2M | $93,327 | $542,929 |
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 |
|---|---|---|---|---|
| YEO & YEO P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YEO & YEO P.C. — Auditor
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 | $34,366 | $19,561 | — | — | — |
| 2023 | $32,379 | $17,153 | — | — | — |
| 2022 | $29,140 | — | — | — | — |