Plan Snapshot
- Plan Sponsor: Western Products, INC.
- Sponsor EIN: 450438998
- Sponsor Address: 474 45TH STREET SOUTH, FARGO, ND, 58108
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $13.4M
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 | 197 | $13.4M | $158,462 | $870,425 |
| 2023 | 171 | $11.5M | $141,584 | $754,965 |
| 2022 | 135 | $9.4M | $131,601 | $663,428 |
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 |
|---|---|---|---|---|
| BELL BANK | NONE | $51,366 | — | $51,366 |
| WIDMER ROEL, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIDMER ROEL, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,366
- Estimated Expense Ratio: 0.383% 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 | $54,496 | — | $51,366 | — | — |
| 2023 | $45,488 | — | $40,208 | — | — |
| 2022 | $46,045 | $46,045 | — | — | — |