Plan Snapshot
- Plan Sponsor: Willmar Electric Service Corp.
- Sponsor EIN: 205963761
- Sponsor Address: 2405 TROTT AVENUE SOUTHWEST, WILLMAR, MN, 56201
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $17.6M
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. |
|---|---|---|---|---|
| 2024 | 154 | $17.6M | $858,166 | $916,767 |
| 2023 | 163 | $14.6M | $640,005 | $921,654 |
| 2022 | 167 | $11.6M | $662,456 | $862,682 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
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 | $53,473 | $31,227 | $22,246 | — | — |
| 2023 | $40,128 | $20,142 | $19,986 | — | — |
| 2022 | $33,324 | $2,940 | $3,697 | — | $26,687 |