Plan Snapshot
- Plan Sponsor: Wise Foods, INC.
- Sponsor EIN: 510370373
- Sponsor Address: 1 CONCOURSE PKWY, ATLANTA, GA, 303286188
- Plan Type: 401(k)
- Total Participants: 828
- Total Assets: $42.7M
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 | 828 | $42.7M | $889,790 | $3.1M |
| 2023 | 866 | $39.5M | $1.1M | $2.7M |
| 2022 | 815 | $34.5M | $994,384 | $2.5M |
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 | CONTRACT ADMINISTRATOR | $173,402 | — | $173,402 |
| PENSIONMARK FINANCIAL GROUP, LLC | INVESTMENT ADVISORY | — | $45,000 | $45,000 |
| SEK CPAS AND ADVISORS | ACCOUNTANT | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEK CPAS AND ADVISORS — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $224,402
- Estimated Expense Ratio: 0.526% 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 | $179,402 | — | $173,402 | $6,000 | — |
| 2023 | $188,770 | $3,995 | $161,118 | $23,657 | — |
| 2022 | $158,009 | $4,000 | $148,009 | — | $6,000 |