Plan Snapshot
- Plan Sponsor: Weller Auto Parts, INC.
- Sponsor EIN: 381856776
- Sponsor Address: 2525 CHICAGO DR SW, GRAND RAPIDS, MI, 495191602
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $14.0M
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 | 226 | $14.0M | $387,448 | $991,004 |
| 2023 | 224 | $13.7M | $391,335 | $942,502 |
| 2022 | 214 | $10.6M | $379,418 | $847,713 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $80,779 | — | $80,779 |
| EDWARD JONES | Investment Advisor | — | $35,949 | $35,949 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,728
- Estimated Expense Ratio: 0.834% 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 | $80,780 | — | $80,780 | — | — |
| 2023 | $64,940 | — | $64,940 | — | — |
| 2022 | $57,764 | — | $57,764 | — | — |