Plan Snapshot
- Plan Sponsor: Worldwide Electric Corporation
- Sponsor EIN: 161549415
- Sponsor Address: 3540 WINTON PLACE, ROCHESTER, NY, 14623
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $14.1M
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 | 176 | $14.1M | $583,143 | $1.1M |
| 2023 | 178 | $11.5M | $556,942 | $963,747 |
| 2022 | 163 | $8.9M | $503,937 | $939,558 |
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 |
|---|---|---|---|---|
| INSERO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO — Auditor
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 | $4,240 | — | — | — | — |
| 2023 | $4,047 | — | — | — | — |
| 2022 | $2,308 | — | $2,308 | — | — |