Plan Snapshot
- Plan Sponsor: Worksmart Systems, INC.
- Sponsor EIN: 352060071
- Sponsor Address: 8531 BASH STREET, INDIANAPOLIS, IN, 46250
- Plan Type: 401(k)
- Total Participants: 6,062
- Total Assets: $327.7M
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 | 6,062 | $327.7M | $9.9M | $23.9M |
| 2023 | 5,653 | $258.6M | $10.4M | $20.7M |
| 2022 | 5,094 | $208.0M | $8.3M | $18.7M |
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 |
|---|---|---|---|---|
| SHEPHERD FINANCIAL INVESTMENTS | RIA | $48,483 | — | $48,483 |
| JOHN HANCOCK | RECORDKEEPER | $9,525 | — | $9,525 |
| DEAN DORTON ALLEN FORD PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RECORDKEEPER
- DEAN DORTON ALLEN FORD PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,008
- Estimated Expense Ratio: 0.018% 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 | $630,712 | $39,058 | $591,654 | — | — |
| 2023 | $442,302 | — | $308,403 | $124,859 | — |
| 2022 | $489,859 | $40,845 | $262,848 | — | — |