Plan Snapshot
- Plan Sponsor: Westerman, INC.
- Sponsor EIN: 314420618
- Sponsor Address: 245 N BROAD STREET, BREMEN, OH, 43107
- Plan Type: 401(k)
- Total Participants: 396
- Total Assets: $25.7M
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 | 396 | $25.7M | $1.0M | $2.0M |
| 2023 | 374 | $21.8M | $1.1M | $2.1M |
| 2022 | 444 | $17.3M | $901,187 | $1.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $43,478 | — | $43,478 |
| NFP RETIREMENT INC | Investment Advisor | $37,530 | — | $37,530 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $6,782 | — | $6,782 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- NFP RETIREMENT INC — Investment Advisor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,790
- Estimated Expense Ratio: 0.342% 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 | $87,790 | $44,312 | — | — | — |
| 2023 | $70,301 | $38,573 | — | — | — |
| 2022 | $74,216 | $7,363 | — | — | — |