# Westminster Management, LLC 401(k) Plan
Source: https://planprovider.pro/companies/westminster-management-llc-401k-plan

> Westminster Management, LLC's 401(k) plan: 574 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/goldman-sachs) — 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|—|—|

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