# Willmar Electric Service Corp. 401(k) Plan
Source: https://planprovider.pro/companies/willmar-electric-service-corp-401k-plan

> Willmar Electric Service Corp.'s 401(k) plan: 154 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| AVANTAX ADVISORY SERVICES|NONE|$31,227|—|$31,227|

| THE VANGUARD GROUP, INC.|NONE|$22,246|—|$22,246|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [AVANTAX ADVISORY SERVICES](https://planprovider.pro/provider/avantax-advisory-services) — NONE

- [THE VANGUARD GROUP, INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $53,473

- **Estimated Expense Ratio:** 0.304% 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|$53,473|$31,227|$22,246|—|—|

| 2023|$40,128|$20,142|$19,986|—|—|

| 2022|$33,324|$2,940|$3,697|—|$26,687|

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