Plan Snapshot
- Plan Sponsor: T. & G. Industries, INC.
- Sponsor EIN: 112202153
- Sponsor Address: 120 3RD STREET, BROOKLYN, NY, 11231
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 383
- Total Assets: $33.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 383 | $33.5M | $435,875 | $1.8M |
| 2023 | 368 | $27.3M | $49,577 | $1.6M |
| 2022 | 7 | $4.4M | $0 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $102,104 | — | $102,104 |
| WELLS FARGO ADVISORS FIN NETWORK | Other Service Provider | — | $42,771 | $42,771 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,875
- Estimated Expense Ratio: 0.432% 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 | $102,105 | — | $102,105 | — | — |
| 2023 | $91,471 | — | $91,471 | — | — |
| 2022 | $47,853 | — | — | — | — |