Plan Snapshot
- Plan Sponsor: Wms Partners LLC
- Sponsor EIN: 521852466
- Sponsor Address: 1 WEST PENNSYLVANIA AVE., TOWSON, MD, 21204
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 78
- Total Assets: $17,002
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 78 | $17,002 | $520,039 | $317,205 |
| 2023 | 67 | $187,442 | $585,657 | $209,055 |
| 2022 | 81 | $52,452 | $51,586 | $3,398 |
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 |
|---|---|---|---|---|
| CAREFIRST ADMINISTRATORS | Other Service Provider | $37,139 | — | $37,139 |
| TRIBRIDGE PARTNERS, LLC | Investment Advisor | $26,075 | — | $26,075 |
| THE BENECON GROUP | Investment Advisor | $15,302 | — | $15,302 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,516
- Estimated Expense Ratio: 461.804% 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 | $1,020,651 | — | — | — | — |
| 2023 | $660,144 | — | — | — | — |
| 2022 | $98,254 | — | — | — | — |