Plan Snapshot
- Plan Sponsor: Welocalize, INC.
- Sponsor EIN: 522212421
- Sponsor Address: 136 MADISON AVE, NEW YORK, NY, 10016
- Plan Type: 401(k)
- Total Participants: 992
- Total Assets: $39.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 992 | $39.5M | $682,644 | $3.1M |
| 2023 | 808 | $35.5M | $556,648 | $2.8M |
| 2022 | 581 | $29.1M | $542,898 | $2.7M |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | ADVISOR | $61,279 | — | $61,279 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $46,652 | — | $46,652 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- 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: $107,931
- Estimated Expense Ratio: 0.273% 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 | $111,222 | $64,570 | — | — | — |
| 2023 | $113,951 | $67,070 | — | — | — |
| 2022 | $114,376 | — | — | — | — |