Plan Snapshot
- Plan Sponsor: Welllife Network INC.
- Sponsor EIN: 112542430
- Sponsor Address: 1985 MARCUS AVENUE, SUITE 100, NEW HYDE PARK, NY, 11042
- Plan Type: 401(k)
- Total Participants: 2,405
- Total Assets: $37.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,405 | $37.1M | $0 | $0 |
| 2023 | 2,334 | $32.7M | $0 | $0 |
| 2022 | 2,228 | $28.9M | $0 | $0 |
| 2021 | 2,331 | $31.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, 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 | $25,634 | — | — | — | — |
| 2023 | $10,023 | — | — | — | — |
| 2022 | $19,980 | $19,980 | — | — | — |
| 2021 | $19,969 | — | — | — | — |