# The Townsend Corporation 401(k) Plan
Source: https://planprovider.pro/companies/the-townsend-corporation-351038926-501

> The Townsend Corporation's 401(k) plan: 770 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Townsend Corporation

- **Sponsor EIN:** 351038926

- **Sponsor Address:** P.O. BOX 7015, MUNCIE, IN, 47308

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 770

- **Total Assets:** $296,156

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|770|$296,156|$7.3M|$2.0M|

| 2023|712|$0|$6.1M|$1.9M|

| 2022|798|$0|$6.0M|$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|

| UMR|Other Service Provider|$662,010|$22,535|$684,545|

| USI INSURANCE SERVICES LLC|Other Service Provider|$115,428|—|$115,428|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $799,973

- **Estimated Expense Ratio:** 270.119% 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|$651,021|—|$534,942|—|—|

| 2023|$702,699|—|$588,159|—|—|

| 2022|$713,004|—|—|—|$591,416|

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