# Workrite Ergonomics, LLC 401(k) Plan
Source: https://planprovider.pro/companies/workrite-ergonomics-llc-860940724-002

> Workrite Ergonomics, LLC's 401(k) plan: 66 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Workrite Ergonomics, LLC

- **Sponsor EIN:** 860940724

- **Sponsor Address:** 2700 OAK INDUSTRIAL DRIVE NORTHEAST, GRAND RAPIDS, MI, 49505

- **Plan Type:** 401(k)

- **Plan Number:** 002

- **Total Participants:** 66

- **Total Assets:** $6.6M

## 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|66|$6.6M|$127,145|$378,787|

| 2024|72|$6.2M|$126,961|$390,116|

| 2023|74|$6.8M|$116,754|$346,570|

| 2022|92|$6.1M|$138,169|$334,854|

## 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|Recordkeeper|$40,786|$425|$41,211|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $41,211

- **Estimated Expense Ratio:** 0.625% 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|$869,962|—|—|—|—|

| 2024|$40,786|—|$40,786|—|—|

| 2023|$15,717|—|$15,717|—|—|

| 2022|$15,091|—|$15,091|—|—|

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