Plan Snapshot
- Plan Sponsor: Talascend, LLC
- Sponsor EIN: 743034970
- Sponsor Address: NORTHFIELD PLAZA II, TROY, MI, 48098
- Plan Type: 401(k)
- Total Participants: 895
- Total Assets: $18.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 895 | $18.1M | $0 | $1.1M |
| 2023 | 390 | $15.3M | $0 | $1.2M |
| 2022 | 419 | $12.3M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| GROSS, MENDELSOHN & ASSOCIATES, P.A | 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 | $13,443 | $3,754 | — | — | — |
| 2023 | $14,833 | $3,609 | $300 | $947 | — |
| 2022 | $13,590 | $3,515 | — | — | — |