Plan Snapshot
- Plan Sponsor: Westminster Management, LLC
- Sponsor EIN: 223279633
- Sponsor Address: 767 FIFTH AVENUE FL 50, NEW YORK, NY, 10153
- Plan Type: 401(k)
- Total Participants: 574
- Total Assets: $23.5M
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 | 574 | $23.5M | $1.1M | $3.0M |
| 2023 | 563 | $19.0M | $889,446 | $2.6M |
| 2022 | 500 | $13.9M | $726,917 | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $81,891 | — | $81,891 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $49,681 | — | $49,681 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $10,638 | — | $10,638 |
| COHN REZNICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COHN REZNICK LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $142,210
- Estimated Expense Ratio: 0.605% 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 | $142,210 | $60,319 | — | — | — |
| 2023 | $106,876 | $45,728 | — | — | — |
| 2022 | $90,469 | $39,258 | $51,211 | — | — |