Plan Snapshot
- Plan Sponsor: Tate Engineering Systems, INC.
- Sponsor EIN: 521642992
- Sponsor Address: 3921 VERO RD, BALTIMORE, MD, 212271564
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 151
- Total Assets: $11.5M
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 | 151 | $11.5M | $0 | $955,806 |
| 2023 | 146 | $10.3M | $236,987 | $842,197 |
| 2022 | 306 | $8.3M | $273,659 | $772,186 |
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 |
|---|---|---|---|---|
| WEALTHSPIRE RETIREMENT ADVISORY | Investment Advisor | $25,939 | $4 | $25,943 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $20,305 | — | $20,305 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEALTHSPIRE RETIREMENT ADVISORY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,248
- Estimated Expense Ratio: 0.402% 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 | $46,245 | $25,939 | $20,306 | — | — |
| 2023 | $44,966 | $25,184 | $19,782 | — | — |
| 2022 | $38,641 | $20,807 | $17,834 | — | — |