Plan Snapshot
- Plan Sponsor: Wesleylife
- Sponsor EIN: 300577845
- Sponsor Address: 5508 NW 88TH ST, JOHNSTON, IA, 50131
- Plan Type: 401(k)
- Total Participants: 1,574
- Total Assets: $38.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,574 | $38.8M | $1.4M | $3.9M |
| 2023 | 1,334 | $34.5M | $1.3M | $3.6M |
| 2022 | 1,167 | $28.8M | $1.2M | $3.0M |
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 |
|---|---|---|---|---|
| AMERICAN TRUST COMPANY | Other Service Provider | $60,099 | — | $60,099 |
| ONEAMERICA RETIREMENT SERVICES | Other Service Provider | $48,403 | — | $48,403 |
| UBS FINANCIAL | Other Service Provider | $13,157 | — | $13,157 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,659
- Estimated Expense Ratio: 0.314% 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 | $121,660 | $13,911 | — | — | — |
| 2023 | $197,189 | $32,415 | $164,774 | — | — |
| 2022 | $64,209 | — | — | — | — |