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WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 401k Plan overview

Plan NameWEST MICHIGAN ADVISORS, LLC 401(K) PLAN
Plan identification number 001

WEST MICHIGAN ADVISORS, LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WEST MICHIGAN ADVISORS, LLC has sponsored the creation of one or more 401k plans.

Company Name:WEST MICHIGAN ADVISORS, LLC
Employer identification number (EIN):854085557
NAIC Classification:523210
NAIC Description:Securities and Commodity Exchanges

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST MICHIGAN ADVISORS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01AARON CLARK2024-03-20
0012022-01-01TOM WERKMAN2023-05-17
0012021-09-30TOM WERKMAN2022-02-01

Plan Statistics for WEST MICHIGAN ADVISORS, LLC 401(K) PLAN

401k plan membership statisitcs for WEST MICHIGAN ADVISORS, LLC 401(K) PLAN

Measure Date Value
2025: WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-1415
Total number of particpants at end of year2025-04-1419
Number of Participants With Account Balances2025-04-1419
2024: WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-03-2013
Total number of particpants at end of year2024-03-2015
Number of Participants With Account Balances2024-03-2010
2022: WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-02-010
Total number of particpants at end of year2022-02-019
Number of Participants With Account Balances2022-02-019

Financial Data on WEST MICHIGAN ADVISORS, LLC 401(K) PLAN

Measure Date Value
2025 : WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-14565
Net assets as of the end of the plan year2025-04-14884605
Total assets as of the beginning of the plan year2025-04-14527115
Value of plan covered by a fidelity bond2025-04-1489000
Participant contributions to plan in this plan year2025-04-14166789
Other income to plan in this plan year2025-04-14104468
Plan net income in this plan year2025-04-14357490
Net assets as of the end of the plan year2025-04-14884605
Net assets as of the beginning of the plan year2025-04-14527115
Employer contributions to plan in this plan year2025-04-1486798
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-14565
2024 : WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-03-2049289
Net assets as of the end of the plan year2024-03-20527115
Total assets as of the beginning of the plan year2024-03-20208235
Value of plan covered by a fidelity bond2024-03-2020900
Participant contributions to plan in this plan year2024-03-20124415
Other contributions to plan in this plan year2024-03-20106114
Other income to plan in this plan year2024-03-2079233
Plan net income in this plan year2024-03-20318880
Net assets as of the end of the plan year2024-03-20527115
Net assets as of the beginning of the plan year2024-03-20208235
Employer contributions to plan in this plan year2024-03-2058407
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-20674
2022 : WEST MICHIGAN ADVISORS, LLC 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-010
Net assets as of the end of the plan year2022-02-0163237
Value of plan covered by a fidelity bond2022-02-0110000
Participant contributions to plan in this plan year2022-02-0145920
Other income to plan in this plan year2022-02-01944
Plan net income in this plan year2022-02-0163237
Net assets as of the end of the plan year2022-02-0163237
Net assets as of the beginning of the plan year2022-02-010
Employer contributions to plan in this plan year2022-02-0116373

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