Plan Snapshot
- Plan Sponsor: Wire Experts Group, INC.
- Sponsor EIN: 362912867
- Sponsor Address: 3650 SHAW BLVD, NAPLES, FL, 341178408
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $2.5M
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 | 91 | $2.5M | $0 | $186,667 |
| 2023 | 123 | $2.5M | $0 | $281,581 |
| 2022 | 125 | $2.0M | $0 | $237,584 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $6,820 | — | $6,820 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $6,217 | $6 | $6,223 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,043
- Estimated Expense Ratio: 0.525% 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 | $22,532 | $1,587 | $19,755 | — | — |
| 2023 | $25,114 | $7,522 | $16,165 | — | — |
| 2022 | $21,458 | $6,800 | $13,958 | — | $700 |