Plan Snapshot
- Plan Sponsor: Worldwide Logistics INC
- Sponsor EIN: 320651944
- Sponsor Address: 80 E STATE RT 4 STE 290, PARAMUS, NJ, 076522622
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 126
- Total Assets: $4.9M
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 | 126 | $4.9M | $292,561 | $671,142 |
| 2023 | 145 | $3.7M | $280,672 | $597,271 |
| 2022 | 106 | $2.7M | $180,116 | $400,679 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | Investment Advisor | $20,829 | — | $20,829 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,829
- Estimated Expense Ratio: 0.425% 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 | $22,891 | $20,829 | $1,202 | — | — |
| 2023 | $421,999 | — | — | — | — |
| 2022 | $121,448 | — | — | — | — |