Plan Snapshot
- Plan Sponsor: Wexcon, INC.
- Sponsor EIN: 232604231
- Sponsor Address: 379 TILDEN RD, MOHRSVILLE, PA, 19541
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 36
- Total Assets: $93,587
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 36 | $93,587 | $2,400 | $547,161 |
| 2023 | 37 | $27,109 | $295,592 | $178,550 |
| 2022 | 41 | $18,036 | $186,592 | $261,976 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $17,852 | — | $17,852 |
| TOMPKINS INSURANCE | Investment Advisor | $12,990 | — | $12,990 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,842
- Estimated Expense Ratio: 32.955% 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 | $471,253 | — | — | — | — |
| 2023 | $534,669 | — | — | — | — |
| 2022 | $461,455 | — | — | — | — |