Plan Snapshot
- Plan Sponsor: Terc, INC.
- Sponsor EIN: 046134355
- Sponsor Address: 2067 MASSACHUSETTS AVENUE, CAMBRIDGE, MA, 021401364
- Plan Type: 403(b)
- Total Participants: 83
- Total Assets: $52.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 83 | $52.7M | $368,105 | $788,182 |
| 2023 | 91 | $49.2M | $340,682 | $729,345 |
| 2022 | 86 | $44.6M | $336,308 | $681,621 |
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 |
|---|---|---|---|---|
| AAFCPAS, INC. | Auditor | — | — | $0 |
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 | $34,350 | — | $34,350 | — | — |
| 2023 | $30,198 | — | $30,198 | — | — |
| 2022 | $38,977 | — | $38,977 | — | — |