Plan Snapshot
- Plan Sponsor: Targa Real Estate Services, INC.
- Sponsor EIN: 911402161
- Sponsor Address: 720 S 348TH ST, FEDERAL WAY, WA, 98003
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 167
- Total Assets: $2.2M
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. |
|---|---|---|---|---|
| 2025 | 167 | $2.2M | $0 | $0 |
| 2024 | 153 | $1.5M | $133,957 | $340,349 |
| 2023 | 148 | $973,624 | $114,429 | $284,769 |
| 2022 | 30 | $519,691 | $50,415 | $114,426 |
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 | $30,656 | — | $30,656 |
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | — | $8,357 | $8,357 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,013
- Estimated Expense Ratio: 1.739% 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 |
|---|---|---|---|---|---|
| 2025 | $142,093 | — | $30,657 | — | — |
| 2024 | $20,750 | — | $20,750 | — | — |
| 2023 | $71,739 | — | — | — | — |
| 2022 | $41,650 | — | — | — | — |