Plan Snapshot
- Plan Sponsor: Wind Turbine And Energy Cables Corp.
- Sponsor EIN: 460479322
- Sponsor Address: 777 TERRACE AVE SUITE 101, HASBROUCK HEIGHTS, NJ, 07604
- Plan Type: 401(k)
- Total Participants: 291
- Total Assets: $10.1M
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 | 291 | $10.1M | $435,970 | $918,533 |
| 2023 | 135 | $8.5M | $422,090 | $814,315 |
| 2022 | 290 | $8.1M | $314,336 | $705,800 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | Investment Advisor | $68,002 | — | $68,002 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $22,202 | — | $22,202 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $20,498 | — | $20,498 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,702
- Estimated Expense Ratio: 1.091% 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 | $110,702 | $54,807 | — | — | — |
| 2023 | $70,218 | $49,586 | $20,632 | — | — |
| 2022 | $66,252 | $46,680 | $19,572 | — | — |