Plan Snapshot
- Plan Sponsor: Welfare & Pension Adm. Services
- Sponsor EIN: 911363171
- Sponsor Address: 7525 SE 24TH STREET SUITE 200, MERCER ISLAND, WA, 980402341
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $6.4M
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 | 91 | $6.4M | $274,776 | $375,616 |
| 2023 | 94 | $6.0M | $281,125 | $417,484 |
| 2022 | 97 | $5.9M | $303,621 | $484,268 |
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 |
|---|---|---|---|---|
| CBIZ CPAS, P.C. | Auditor | $15,224 | — | $15,224 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,224
- Estimated Expense Ratio: 0.238% 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 | $48,724 | — | $33,500 | $15,224 | — |
| 2023 | $58,120 | — | $31,609 | $26,511 | — |
| 2022 | $41,474 | — | $30,975 | — | $10,499 |