Plan Snapshot
- Plan Sponsor: Timac Agro Usa, INC.
- Sponsor EIN: 233013181
- Sponsor Address: P.O. BOX 888, READING, PA, 19607
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 194
- Total Assets: $613,030
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 | 194 | $613,030 | $2.9M | $650,052 |
| 2023 | 187 | $684,233 | $2.9M | $518,881 |
| 2022 | 184 | $418,313 | $2.4M | $518,881 |
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 |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $63,180 | — | $63,180 |
| THE BENECON GROUP, LLC | Investment Advisor | $29,744 | — | $29,744 |
| CONNECTCARE3 | Other Service Provider | $10,333 | — | $10,333 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,257
- Estimated Expense Ratio: 16.844% 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 | $81,895 | — | $103,257 | — | — |
| 2023 | $98,440 | — | $103,440 | — | — |
| 2022 | $115,918 | — | $102,982 | — | $12,936 |