Plan Snapshot
- Plan Sponsor: Westmont Industries LLC
- Sponsor EIN: 952880878
- Sponsor Address: 10805 PAINTER AVENUE, SANTA FE SPRINGS, CA, 90670
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $21.4M
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. |
|---|---|---|---|---|
| 2024 | 202 | $21.4M | $599,184 | $1.2M |
| 2023 | 176 | $18.2M | $478,250 | $1.0M |
| 2022 | 145 | $15.3M | $418,531 | $789,105 |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS | NONE | $48,281 | — | $48,281 |
| ASCENSUS LLC | NONE | $26,614 | $68 | $26,682 |
| FINEMAN WEST & CO | NONE | $13,039 | — | $13,039 |
| FINEMAN WEST & CO. LLP | Auditor | $13,039 | — | $13,039 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,041
- Estimated Expense Ratio: 0.472% 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 | $85,566 | $48,281 | $24,246 | $13,039 | — |
| 2023 | $42,527 | $39,753 | $2,774 | — | — |
| 2022 | $45,305 | $39,502 | $5,803 | — | — |