Plan Snapshot
- Plan Sponsor: Wex INC.
- Sponsor EIN: 010526993
- Sponsor Address: 1 HANCOCK ST, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 5,083
- Total Assets: $521.7M
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 | 5,083 | $521.7M | $21.4M | $34.9M |
| 2023 | 5,608 | $435.0M | $18.2M | $30.1M |
| 2022 | 5,041 | $345.5M | $16.8M | $27.9M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | $21,929 | — | $21,929 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,929
- Estimated Expense Ratio: 0.004% 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 | $267,876 | — | — | $21,929 | — |
| 2023 | $243,117 | — | — | — | — |
| 2022 | $256,261 | — | — | — | — |