Plan Snapshot
- Plan Sponsor: Willis Lease Finance Corporation
- Sponsor EIN: 680070656
- Sponsor Address: 4700 LYONS TECHNOLOGY PARKWAY, COCONUT CREEK, FL, 33073
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $40.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 160 | $40.0M | $999,752 | $2.1M |
| 2023 | 148 | $33.2M | $894,674 | $1.9M |
| 2022 | 121 | $27.4M | $752,569 | $1.5M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $22,108 | — | — | — | — |
| 2023 | $17,906 | — | — | — | — |
| 2022 | $20,011 | — | — | — | $20,011 |