# Tidewater Transit Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/tidewater-transit-company-inc-401k-plan

> Tidewater Transit Company, INC.&#39;s 401(k) plan: 687 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Tidewater Transit Company, INC.

- **Sponsor EIN:** 560515560

- **Sponsor Address:** P.O. BOX 189, KINSTON, NC, 285020189

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

- **Total Participants:** 687

- **Total Assets:** $24.5M

## 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|687|$24.5M|$791,088|$1.2M|

| 2023|712|$21.7M|$1.1M|$1.2M|

| 2022|961|$18.5M|$898,418|$1.2M|

## 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|

| PB MARES|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PB MARES](https://planprovider.pro/provider/pbmares-llp) — Auditor

## 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|$192,387|$102,044|$90,343|—|—|

| 2023|$155,525|$79,584|$75,941|—|—|

| 2022|$159,504|$82,061|$77,443|—|—|

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