Plan Snapshot
- Plan Sponsor: Westech International, INC.
- Sponsor EIN: 850427441
- Sponsor Address: 10475 CROSSPOINT BLVD, STE 250, INDIANAPOLIS, IN, 46256
- Plan Type: 401(k)
- Total Participants: 232
- Total Assets: $5.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 232 | $5.2M | $183,614 | $420,909 |
| 2023 | 234 | $4.6M | $148,387 | $290,845 |
| 2022 | 269 | $4.7M | $261,574 | $302,555 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $12,318 | — | $12,318 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $8,649 | — | $8,649 |
| RANDALL AND HURLEY, INC. | CONTRACT ADMIN | $5,133 | — | $5,133 |
| HOZIK & COMPANY, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- HOZIK & COMPANY, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,100
- Estimated Expense Ratio: 0.500% 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 | $33,664 | — | — | — | — |
| 2023 | $72,672 | — | — | — | — |
| 2022 | $77,735 | $38,727 | — | — | — |