Plan Snapshot
- Plan Sponsor: Tennsmith Holdings INC.
- Sponsor EIN: 863624328
- Sponsor Address: 6926 SMITHVILLE HIGHWAY, MCMINNVILLE, TN, 37110
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 167
- Total Assets: $8.3M
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. |
|---|---|---|---|---|
| 2025 | 167 | $8.3M | $0 | $0 |
| 2024 | 116 | $7.0M | $192,589 | $360,492 |
| 2023 | 107 | $5.6M | $167,458 | $342,864 |
| 2022 | 113 | $5.2M | $174,622 | $361,595 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $24,578 | — | $24,578 |
| TAYLOR SECURITIES, INC. | Investment Advisor | $17,147 | — | $17,147 |
| RAYMOND JAMES FIN SERV ADVISORS | Investment Advisor | $13,992 | — | $13,992 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,717
- Estimated Expense Ratio: 0.671% 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 | $430,547 | $34,378 | — | — | — |
| 2024 | $34,334 | $34,334 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |