Plan Snapshot
- Plan Sponsor: Westminster College
- Sponsor EIN: 250981156
- Sponsor Address: 319 SOUTH MARKET STREET, NEW WILMINGTON, PA, 16172
- Plan Type: 403(b)
- Total Participants: 207
- Total Assets: $78.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 207 | $78.2M | $549,053 | $996,480 |
| 2023 | 200 | $75.1M | $534,853 | $953,622 |
| 2022 | 271 | $68.5M | $509,413 | $916,695 |
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 |
|---|---|---|---|---|
| SCHNEIDER DOWNS & CO. , INC. | NONE | $17,532 | — | $17,532 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER DOWNS & CO. , INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,532
- Estimated Expense Ratio: 0.022% 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 | $18,571 | — | $414 | $17,532 | — |
| 2023 | $18,775 | — | — | $18,000 | — |
| 2022 | $14,897 | — | — | — | $14,422 |