Plan Snapshot
- Plan Sponsor: Word Of Life Fellowship, INC.
- Sponsor EIN: 135648615
- Sponsor Address: PO BOX 600, SCHROON LAKE, NY, 128700600
- Plan Type: 401(k)
- Total Participants: 308
- Total Assets: $17.7M
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 | 308 | $17.7M | $319,080 | $956,684 |
| 2023 | 300 | $14.8M | $298,622 | $857,287 |
| 2022 | 268 | $12.0M | $276,852 | $800,981 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $44,824 | — | $44,824 |
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $24,962 | — | $24,962 |
| CAPIN CROUSE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- UBS FINANCIAL SERVICES INC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,786
- Estimated Expense Ratio: 0.393% 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 | $70,627 | — | $70,627 | — | — |
| 2023 | $61,608 | $20,056 | $41,552 | — | — |
| 2022 | $58,625 | $3,062 | $55,563 | — | — |