Plan Snapshot
- Plan Sponsor: Westlie Motor Company
- Sponsor EIN: 450219811
- Sponsor Address: 500 SOUTH BROADWAY, MINOT, ND, 58701
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 212
- Total Assets: $14.0M
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. |
|---|---|---|---|---|
| 2025 | 212 | $14.0M | $0 | $0 |
| 2024 | 186 | $11.3M | $303,205 | $954,096 |
| 2023 | 183 | $9.5M | $294,518 | $988,309 |
| 2022 | 169 | $7.4M | $252,716 | $868,678 |
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 |
|---|---|---|---|---|
| AVANTAX RETIREMENT PLAN SERVICES | Other Service Provider | $84,839 | — | $84,839 |
| BRADY, MARTZ & ASSOCIATES P.C. | Other Service Provider | $5,955 | — | $5,955 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,794
- Estimated Expense Ratio: 0.648% 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 |
|---|---|---|---|---|---|
| 2025 | $438,620 | $42,830 | — | $5,955 | — |
| 2024 | $67,242 | $32,107 | — | — | — |
| 2023 | $63,897 | $28,548 | — | — | — |
| 2022 | $39,633 | — | — | — | — |