# Welding Technology Corp 401(k) Plan
Source: https://planprovider.pro/companies/welding-technology-corp-401k-plan

> Welding Technology Corp's 401(k) plan: 104 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/yeo-and-yeo-pc) — 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|—|—|—|—|

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