Plan Snapshot
- Plan Sponsor: Whalar INC
- Sponsor EIN: 364879504
- Sponsor Address: 55 WATER STREET FLOOR 3, BROOKLYN, NY, 11201
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 255
- Total Assets: $8.7M
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. |
|---|---|---|---|---|
| 2025 | 255 | $8.7M | $0 | $0 |
| 2024 | 150 | $6.1M | $724,662 | $1.0M |
| 2023 | 134 | $4.1M | $578,044 | $885,087 |
| 2022 | 152 | $1.9M | $481,284 | $729,533 |
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 |
|---|---|---|---|---|
| GUSTO INVESTMENT SERVICES, LLC | Custodian / Trustee | $7,522 | — | $7,522 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,522
- Estimated Expense Ratio: 0.087% 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 |
|---|---|---|---|---|---|
| 2025 | $602,788 | $7,522 | — | — | — |
| 2024 | $7,223 | $4,011 | — | — | — |
| 2023 | $4,162 | $2,182 | — | — | — |
| 2022 | $106,296 | — | — | — | — |