Plan Snapshot
- Plan Sponsor: Wesley Willows
- Sponsor EIN: 362540488
- Sponsor Address: 4141 N ROCKTON AVE, ROCKFORD, IL, 61103
- Plan Type: 401(k)
- Total Participants: 342
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 342 | $6.0M | $305,571 | $596,061 |
| 2023 | 300 | $5.9M | $151,552 | $435,628 |
| 2022 | 315 | $4.9M | $61,559 | $189,975 |
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 | CONTRACT ADMINISTRATOR | $16,148 | — | $16,148 |
| MORGAN STANLEY GLOBAL BA | INVESTMENT ADVISORY | $12,883 | — | $12,883 |
| MORGAN STANLEY GLOBAL | INVESTMENT ADVISORY | $5,316 | — | $5,316 |
| BENNING GROUP, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BA — INVESTMENT ADVISORY
- MORGAN STANLEY GLOBAL — INVESTMENT ADVISORY
- BENNING GROUP, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,347
- Estimated Expense Ratio: 0.577% 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 | $34,344 | $18,196 | $16,148 | — | — |
| 2023 | $28,012 | $24,732 | $3,280 | — | — |
| 2022 | $18,055 | $18,055 | — | — | — |