Plan Snapshot
- Plan Sponsor: Worksmart Systems, INC.
- Sponsor EIN: 352060071
- Sponsor Address: 8531 BASH ST., INDIANAPOLIS, IN, 46250
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 10,616
- Total Assets: $6.0M
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. |
|---|---|---|---|---|
| 2025 | 10,616 | $6.0M | $0 | $0 |
| 2024 | 9,687 | $4.8M | $57.2M | $26.9M |
| 2023 | 9,716 | $5.2M | $49.7M | $24.3M |
| 2022 | 8,729 | $3.9M | $39.7M | $20.5M |
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 |
|---|---|---|---|---|
| ANTHEM INSURANCE COMPANIES | Other Service Provider | $827,122 | $1,150,722 | $1,977,844 |
| MILLIMAN, INC. | Other Service Provider | $413,933 | — | $413,933 |
| DELTA DENTAL OF INDIANA | Recordkeeper | $264,574 | — | $264,574 |
| AETNA BEHAVIORAL HEALTH, LLC | Other Service Provider | $85,211 | — | $85,211 |
| WHARTON INSURANCE & FINANCIAL SERV | Other Service Provider | — | $11,325 | $11,325 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,752,887
- Estimated Expense Ratio: 46.205% 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 | $90,875,100 | — | $885,820 | — | — |
| 2024 | $4,090,708 | — | -$298,766 | — | — |
| 2023 | $5,401,043 | — | $1,415,145 | — | — |
| 2022 | $5,183,935 | — | $2,231,252 | — | — |