Plan Snapshot
- Plan Sponsor: Terros, INC.
- Sponsor EIN: 860252067
- Sponsor Address: 3003 NORTH CENTRAL AVE SUITE 400, PHOENIX, AZ, 85012
- Plan Type: 401(k)
- Total Participants: 1,040
- Total Assets: $25.8M
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 | 1,040 | $25.8M | $1.3M | $2.5M |
| 2023 | 894 | $21.5M | $1.2M | $2.4M |
| 2022 | 798 | $17.5M | $988,655 | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $152,557 | — | $152,557 |
| RAYMOND JAMES | INVESTMENT ADVISOR | $59,927 | — | $59,927 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $212,484
- Estimated Expense Ratio: 0.824% 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 | $157,412 | $59,927 | — | — | — |
| 2023 | $134,092 | $48,782 | — | — | — |
| 2022 | $162,454 | $107,387 | $54,809 | — | — |