Plan Snapshot
- Plan Sponsor: Faces Enterprises Towson Ltd
- Sponsor EIN: 520908705
- Sponsor Address: 110 WEST ROAD, TOWSON, MD, 21204
- Plan Type: 401(k)
- Total Participants: 225
- Total Assets: $8.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 225 | $8.8M | $153 | $245,066 |
| 2023 | 223 | $8.5M | $143 | $350,086 |
| 2022 | 238 | $7.6M | $0 | $368,946 |
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 |
|---|---|---|---|---|
| FITZPATRICK, LEARY & SZARKO, LLC | Auditor | — | — | $0 |
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 | $55,636 | $39,880 | $15,752 | — | — |
| 2023 | $13,458 | $6,967 | $3,891 | — | — |
| 2022 | $4,711 | — | $4,711 | — | — |