Plan Snapshot
- Plan Sponsor: Terma INC.
- Sponsor EIN: 201104178
- Sponsor Address: 3200 WINDY HILL ROAD SE, ATLANTA, GA, 30339
- Plan Type: 401(k)
- Total Participants: 86
- Total Assets: $14.3M
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. |
|---|---|---|---|---|
| 2024 | 86 | $14.3M | $872,909 | $973,082 |
| 2023 | 75 | $12.2M | $795,957 | $895,852 |
| 2022 | 72 | $9.8M | $796,217 | $908,483 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $38,895 | $12 | $38,907 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $18,489 | — | $18,489 |
| ASCENSUS | Recordkeeper | $2,475 | $6,480 | $8,955 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASCENSUS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,351
- Estimated Expense Ratio: 0.464% 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 | $59,860 | $19,448 | $20,964 | — | — |
| 2023 | $48,085 | — | $48,085 | — | — |
| 2022 | $52,636 | — | $52,636 | — | — |