Plan Snapshot
- Plan Sponsor: Woodruff Construction, INC
- Sponsor EIN: 760721180
- Sponsor Address: 1890 KOUNTRY LANE, FORT DODGE, IA, 50501
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 194
- Total Assets: $10.3M
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. |
|---|---|---|---|---|
| 2025 | 194 | $10.3M | $0 | $0 |
| 2024 | 168 | $8.3M | $128,777 | $766,988 |
| 2023 | 142 | $6.8M | $89,336 | $651,277 |
| 2022 | 120 | $5.3M | $93,801 | $607,092 |
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 |
|---|---|---|---|---|
| VISIONX WEALTH PARTNERS, LLC | Investment Advisor | $24,890 | — | $24,890 |
| THE FINWAY GROUP LLC | Other Service Provider | $24,551 | — | $24,551 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $16,121 | — | $16,121 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,924 | — | $7,924 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,486
- Estimated Expense Ratio: 0.710% 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 |
|---|---|---|---|---|---|
| 2025 | $596,936 | — | $71,737 | — | — |
| 2024 | $56,414 | — | $56,414 | — | — |
| 2023 | $44,161 | — | — | — | — |
| 2022 | $37,786 | — | — | — | $37,786 |