Plan Snapshot
- Plan Sponsor: Wittenbach Business Systems, LLC
- Sponsor EIN: 521137041
- Sponsor Address: 100 SPARKS VALLEY RD STE B, SPARKS, MD, 211529234
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $28.1M
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 | 333 | $28.1M | $230,623 | $2.1M |
| 2023 | 340 | $26.0M | $244,758 | $2.1M |
| 2022 | 312 | $22.1M | $220,203 | $2.0M |
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 | $96,560 | — | $96,560 |
| NEWSQUARE CAPITAL, LLC | INVESTMENT ADVISORY | — | $33,382 | $33,382 |
| WITTENBACH BUSINESS SYSTEMS LLC | OTHER SERVICES | — | $14,000 | $14,000 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,942
- Estimated Expense Ratio: 0.512% 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 | $96,561 | — | $96,561 | — | — |
| 2023 | $91,550 | — | $91,550 | — | — |
| 2022 | $88,168 | — | $88,168 | — | — |