Plan Snapshot
- Plan Sponsor: Westates Construction, LLC
- Sponsor EIN: 331037147
- Sponsor Address: 1950 NORTH 2200 W, SALT LAKE CITY, UT, 84116
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $2.1M
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 | 82 | $2.1M | $158,442 | $293,732 |
| 2023 | 125 | $1.6M | $143,140 | $251,596 |
| 2022 | 91 | $1.0M | $127,996 | $225,793 |
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 |
|---|---|---|---|---|
| CANNON CAPITAL MANAGEMENT INC | NONE | $6,678 | — | $6,678 |
| RICHEY, MAY, & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CANNON CAPITAL MANAGEMENT INC — NONE
- RICHEY, MAY, & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,678
- Estimated Expense Ratio: 0.317% 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 | $8,794 | $6,678 | $2,116 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |