Plan Snapshot
- Plan Sponsor: Workover Solutions
- Sponsor EIN: 462267569
- Sponsor Address: 156 SOUTH CAMPUS DRIVE, IMPERIAL, PA, 15126
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 141 | $6.4M | $344,555 | $898,220 |
| 2023 | 134 | $5.0M | $476,678 | $839,919 |
| 2022 | 78 | $3.0M | $258,709 | $601,276 |
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 |
|---|---|---|---|---|
| GOFF BACKA ALFERA & COMPANY LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $46,692 | — | $46,692 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |