Plan Snapshot
- Plan Sponsor: Terrascend Usa, INC.
- Sponsor EIN: 832739891
- Sponsor Address: 500 PATERSON PLANK RD, UNION CITY, NJ, 07087
- Plan Type: 401(k)
- Total Participants: 914
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 914 | $10.7M | $1.0M | $1.8M |
| 2023 | 870 | $8.7M | $917,806 | $1.6M |
| 2022 | 579 | $5.3M | $743,582 | $1.4M |
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 |
|---|---|---|---|---|
| COHREZNICK LLP | 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 | $20,187 | — | $20,187 | — | — |
| 2023 | $18,756 | — | $18,756 | — | — |
| 2022 | $24,148 | — | $24,148 | — | — |