# Faces Enterprises Towson Ltd 401(k) Plan
Source: https://planprovider.pro/companies/faces-enterprises-towson-ltd-plan-001

> Faces Enterprises Towson Ltd's 401(k) plan: 225 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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