Plan Snapshot
- Plan Sponsor: Tate Access Floors, INC.
- Sponsor EIN: 520781996
- Sponsor Address: 7510 MONTEVIDEO RD, JESSUP, MD, 21035
- Plan Type: 401(k)
- Total Participants: 405
- Total Assets: $39.7M
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 | 405 | $39.7M | $1.4M | $2.0M |
| 2023 | 290 | $36.2M | $887,017 | $1.7M |
| 2022 | 266 | $30.8M | $795,562 | $1.6M |
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 |
|---|---|---|---|---|
| GREENSPRING ADVISORS, LLC | INVESTMENT/FINANCIAL ADVI | $40,375 | — | $40,375 |
| ADP, INC. | RECORD KEEPER | $40,294 | — | $40,294 |
| WEYRICH, CRONIN, & SORRA, LLC | ACCOUNTANT | $12,400 | — | $12,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREENSPRING ADVISORS, LLC — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- WEYRICH, CRONIN, & SORRA, LLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,069
- Estimated Expense Ratio: 0.235% 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 | $93,069 | $40,375 | — | $12,400 | — |
| 2023 | $70,112 | $33,725 | — | — | — |
| 2022 | $79,476 | — | — | — | — |