Plan Snapshot
- Plan Sponsor: West-Tech Contracting, INC.
- Sponsor EIN: 330506018
- Sponsor Address: 568 N. TULIP STREET, ESCONDIDO, CA, 92025
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 120 | $16.6M | $1.4M | $361,578 |
| 2023 | 209 | $14.5M | $1.6M | $363,222 |
| 2022 | 119 | $11.9M | $1.2M | $350,482 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $22,595 | — | $22,595 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | — | $7,972 | $7,972 |
| ASCENSUS C/O FUTURPLAN | Recordkeeper | — | $7,673 | $7,673 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,240
- Estimated Expense Ratio: 0.230% 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 | $78,541 | — | — | — | — |
| 2023 | $28,450 | — | — | — | — |
| 2022 | $55,457 | $55,457 | — | — | — |