# Wellman Plastics Recycling, LLC 401(k) Plan
Source: https://planprovider.pro/companies/wellman-plastics-recycling-llc-401k-plan

> Wellman Plastics Recycling, LLC's 401(k) plan: 220 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/suggs-johnson-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|—|—|

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