Plan Snapshot
- Plan Sponsor: Wellman Plastics Recycling, LLC
- Sponsor EIN: 263552985
- Sponsor Address: PO BOX 188, JOHNSONVILLE, SC, 295550188
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $5.8M
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 | 220 | $5.8M | $87,074 | $451,669 |
| 2023 | 202 | $4.9M | $36,660 | $390,511 |
| 2022 | 198 | $4.1M | $0 | $348,302 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $25,039 | — | $25,039 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $18,989 | — | $18,989 |
| SUGGSJOHNSON LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SUGGSJOHNSON LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,028
- Estimated Expense Ratio: 0.757% 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 | $44,028 | $18,989 | — | — | — |
| 2023 | $37,477 | $15,316 | — | — | — |
| 2022 | $29,192 | — | $29,192 | — | — |