Plan Snapshot
- Plan Sponsor: Western Industries, INC.
- Sponsor EIN: 390808688
- Sponsor Address: 1 TOWNE SQ STE 1570, SOUTHFIELD, MI, 48076
- Plan Type: DB
- Plan Number: 002
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 0 | $18.1M | $0 | $0 |
| 2023 | 0 | $19.9M | $127,000 | $0 |
| 2022 | 0 | $19.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $165,550 | — | $165,550 |
| WIPFLI LLP | Auditor | $16,500 | — | $16,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $182,050
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 |
|---|---|---|---|---|---|
| 2025 | $3,101,131 | — | — | — | — |
| 2024 | $246,084 | $75,783 | $89,767 | $16,500 | — |
| 2023 | $315,385 | $69,170 | $95,258 | $20,593 | — |
| 2022 | $401,104 | $82,529 | $86,807 | — | $19,000 |