Plan Snapshot
- Plan Sponsor: Westminster Company
- Sponsor EIN: 560086520
- Sponsor Address: 3859 BATTLEGROUND AVE, SUITE 100, GREENSBORO, NC, 27410
- Plan Type: 401(k)
- Total Participants: 162
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 162 | $10.4M | $184,262 | $529,506 |
| 2023 | 150 | $9.0M | $174,985 | $508,366 |
| 2022 | 160 | $9.0M | $187,524 | $541,962 |
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 |
|---|---|---|---|---|
| DAUBY O'CONNOR & ZALESKI LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $51,953 | — | — | — | — |
| 2023 | $11,663 | — | — | — | — |
| 2022 | $5,298 | — | $5,298 | — | — |