Plan Snapshot
- Plan Sponsor: Tile Market Of Delaware, INC.
- Sponsor EIN: 510372641
- Sponsor Address: 405 E MARSH LANE, SUITE 3, WILMINGTON, DE, 198042445
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 62
- Total Assets: $60,988
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 | 62 | $60,988 | $480,354 | $259,792 |
| 2023 | 94 | $60,870 | $369,239 | $235,545 |
| 2022 | 82 | $29,115 | $338,337 | $232,623 |
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 |
|---|---|---|---|---|
| HIGHMARK OF DELAWARE | Other Service Provider | $36,768 | — | $36,768 |
| BHI BENEFITS LLC | Investment Advisor | $35,235 | — | $35,235 |
| THE BENECON GROUP, LLC | Investment Advisor | $19,833 | — | $19,833 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,836
- Estimated Expense Ratio: 150.580% 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 | $750,155 | — | — | — | — |
| 2023 | $549,178 | — | — | — | — |
| 2022 | $606,917 | — | — | — | — |