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THE OPEN 401K MEP FIDUCIARY WISE, LLC 401k Plan overview

Plan NameTHE OPEN 401K MEP FIDUCIARY WISE, LLC
Plan identification number 338

THE OPEN 401K MEP FIDUCIARY WISE, LLC 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

FIDUCIARY WISE, LLC FBO FAUSTROLLEAN FIXTURE CO. has sponsored the creation of one or more 401k plans.

Company Name:FIDUCIARY WISE, LLC FBO FAUSTROLLEAN FIXTURE CO.
Employer identification number (EIN):931124211
NAIC Classification:541400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE OPEN 401K MEP FIDUCIARY WISE, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3382023-01-01KAREN MILLER2024-09-12
3382022-01-01KRISTI DALLEY2023-07-07
3382021-01-01KRISTI DALLEY2022-07-26

Plan Statistics for THE OPEN 401K MEP FIDUCIARY WISE, LLC

401k plan membership statisitcs for THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2025: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2025 401k membership
Total number of particpants at beginning of year2025-07-1955
Total number of particpants at end of year2025-07-1944
Number of Participants With Account Balances2025-07-1933
2024: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k membership
Total number of particpants at beginning of year2024-09-1257
Total number of particpants at end of year2024-09-1255
Number of Participants With Account Balances2024-09-1236
2022: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k membership
Total number of particpants at beginning of year2022-07-2635
Total number of particpants at end of year2022-07-2645
Number of Participants With Account Balances2022-07-2636

Financial Data on THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2025 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1942453
Net assets as of the end of the plan year2025-07-19507585
Total assets as of the beginning of the plan year2025-07-19381529
Value of plan covered by a fidelity bond2025-07-1939000
Participant contributions to plan in this plan year2025-07-1982704
Other income to plan in this plan year2025-07-1921589
Plan net income in this plan year2025-07-19126056
Net assets as of the end of the plan year2025-07-19507585
Net assets as of the beginning of the plan year2025-07-19381529
Employer contributions to plan in this plan year2025-07-1964216
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-194960
2024 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1213445
Net assets as of the end of the plan year2024-09-12381529
Total assets as of the beginning of the plan year2024-09-12203797
Value of plan covered by a fidelity bond2024-09-1221000
Participant contributions to plan in this plan year2024-09-1281530
Value of participant loans at end of plan year2024-09-120
Other income to plan in this plan year2024-09-1244312
Plan net income in this plan year2024-09-12177732
Net assets as of the end of the plan year2024-09-12381529
Net assets as of the beginning of the plan year2024-09-12203797
Employer contributions to plan in this plan year2024-09-1265335
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-122702
2022 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-2650
Net assets as of the end of the plan year2022-07-2679677
Total assets as of the beginning of the plan year2022-07-260
Value of plan covered by a fidelity bond2022-07-261000
Participant contributions to plan in this plan year2022-07-2645491
Other income to plan in this plan year2022-07-261085
Plan net income in this plan year2022-07-2679677
Net assets as of the end of the plan year2022-07-2679677
Net assets as of the beginning of the plan year2022-07-260
Employer contributions to plan in this plan year2022-07-2633151
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2650

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