Plan Snapshot
- Plan Sponsor: Westmoreland Electric Services, LLC
- Sponsor EIN: 472638135
- Sponsor Address: 193 CENTRAL ROAD, TARRS, PA, 15688
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $20.4M
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 | 114 | $20.4M | $1.5M | $552,245 |
| 2023 | 111 | $17.5M | $920,195 | $397,341 |
| 2022 | 114 | $14.3M | $854,767 | $354,900 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $126,536 | — | $126,536 |
| M2B RETIREMENT CONSULTING | Recordkeeper | $10,893 | — | $10,893 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,429
- Estimated Expense Ratio: 0.674% 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 | $128,036 | — | — | — | — |
| 2023 | $105,635 | — | $1,800 | — | — |
| 2022 | $94,009 | $94,009 | — | — | — |