Plan Snapshot
- Plan Sponsor: Willmeng Construction, INC.
- Sponsor EIN: 860410806
- Sponsor Address: 1702 E. HIGHLAND AVE, SUITE 450, PHOENIX, AZ, 85016
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $25.0M
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 | 380 | $25.0M | $1.3M | $3.2M |
| 2023 | 332 | $20.7M | $1.1M | $2.7M |
| 2022 | 354 | $15.4M | $986,415 | $2.4M |
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 |
|---|---|---|---|---|
| MERCER GLOBAL ADVISORS INC | ADVISOR | $112,269 | — | $112,269 |
| FIDELITY WORKPLACE SERVICES LLC | PLAN ADMINISTRATOR | $31,943 | — | $31,943 |
| MANSPERGER PATTERSON & MCMULLIN PLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,212
- Estimated Expense Ratio: 0.577% 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 | $144,212 | $112,269 | $6,898 | — | — |
| 2023 | $120,241 | $72,631 | $122 | — | — |
| 2022 | $127,405 | — | — | — | — |