Plan Snapshot
- Plan Sponsor: Terra-Gen, LLC
- Sponsor EIN: 300878595
- Sponsor Address: 437 MADISON AVENUE, NEW YORK, NY, 10022
- Plan Type: 401(k)
- Total Participants: 379
- Total Assets: $68.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 379 | $68.6M | $3.6M | $3.4M |
| 2023 | 366 | $57.4M | $2.9M | $2.7M |
| 2022 | 333 | $46.1M | $2.7M | $2.3M |
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 AND S | RECORDKEEPER | $61,674 | — | $61,674 |
| RAYMOND JAMES FINANCIAL CENTER | CONSULTANT | $40,000 | — | $40,000 |
| WISS & COMPANY LLP | CONSULTANT | $17,000 | — | $17,000 |
| WISS & COMPANY | Auditor | $17,000 | — | $17,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL CENTER — CONSULTANT
- WISS & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,674
- Estimated Expense Ratio: 0.198% 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 | $117,630 | $40,000 | — | $17,000 | — |
| 2023 | $102,053 | $30,000 | — | $16,750 | — |
| 2022 | $117,881 | — | — | — | — |