Plan Snapshot
- Plan Sponsor: Teraflex, INC.
- Sponsor EIN: 870272262
- Sponsor Address: 5680 WEST DANNON WAY, WEST JORDAN, UT, 84081
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $4.2M
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 | 109 | $4.2M | $73,922 | $323,557 |
| 2023 | 134 | $4.5M | $288,125 | $401,542 |
| 2022 | 165 | $3.5M | $399,495 | $560,806 |
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 |
|---|---|---|---|---|
| BAS PARTNERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAS PARTNERS — Auditor
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 | $40,505 | $21,508 | $18,169 | — | — |
| 2023 | $37,305 | $19,013 | $14,793 | — | — |
| 2022 | $32,752 | $16,379 | $16,373 | — | — |