Plan Snapshot
- Plan Sponsor: Western Carriers, INC.
- Sponsor EIN: 042481205
- Sponsor Address: 2220 91ST STREET, NORTH BERGEN, NJ, 07047
- Plan Type: 401(k)
- Total Participants: 815
- Total Assets: $41.7M
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 | 815 | $41.7M | $983,115 | $2.6M |
| 2023 | 778 | $35.4M | $975,535 | $2.6M |
| 2022 | 690 | $31.3M | $827,943 | $2.3M |
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 |
|---|---|---|---|---|
| SENSUS INVESTMENT MANAGEMENT G | Other Service Provider | $111,646 | — | $111,646 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $57,653 | — | $57,653 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $169,299
- Estimated Expense Ratio: 0.406% 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 | $169,299 | $111,646 | — | — | — |
| 2023 | $144,758 | $94,243 | — | — | — |
| 2022 | $142,611 | $91,912 | — | — | — |