Plan Snapshot
- Plan Sponsor: The Turner Corporation
- Sponsor EIN: 133209884
- Sponsor Address: 66 HUDSON BOULEVARD EAST, NEW YORK, NY, 10001
- Plan Type: 401(k)
- Total Participants: 7,860
- Total Assets: $2.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 7,860 | $2.8B | $77.6M | $97.3M |
| 2023 | 7,480 | $2.4B | $75.5M | $92.3M |
| 2022 | 7,219 | $2.0B | $65.8M | $79.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $209,764 | — | $209,764 |
| COHNREZNICK LLP | ACCOUNTANT/AUDITOR | $44,032 | — | $44,032 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- COHNREZNICK LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $253,796
- Estimated Expense Ratio: 0.009% 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 | $253,796 | — | — | $44,032 | — |
| 2023 | $330,451 | — | — | $42,230 | — |
| 2022 | $394,329 | — | — | — | — |