Plan Snapshot
- Plan Sponsor: Willbanks Metals INC
- Sponsor EIN: 752436310
- Sponsor Address: 1155 N E 28TH ST, FORT WORTH, TX, 76106
- Plan Type: 401(k)
- Total Participants: 164
- Total Assets: $3.4M
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 | 164 | $3.4M | $220,912 | $359,731 |
| 2023 | 162 | $2.9M | $199,170 | $382,824 |
| 2022 | 133 | $2.3M | $164,822 | $236,990 |
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 |
|---|---|---|---|---|
| ROGERS WEALTH GROUP, INC. | NONE | $44,879 | — | $44,879 |
| KHA ACCOUNTANTS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROGERS WEALTH GROUP, INC. — NONE
- KHA ACCOUNTANTS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,879
- Estimated Expense Ratio: 1.333% 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 | $46,040 | $22,418 | — | — | — |
| 2023 | $28,731 | $13,748 | $14,302 | — | — |
| 2022 | $1,620 | — | $1,620 | — | — |