Plan Snapshot
- Plan Sponsor: Timpte Industries INC
- Sponsor EIN: 221696742
- Sponsor Address: PO BOX 347 100 TIMPTE PKWY, DAVID CITY, NE, 686320347
- Plan Type: 401(k)
- Total Participants: 573
- Total Assets: $41.9M
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 | 573 | $41.9M | $1.1M | $2.4M |
| 2023 | 603 | $35.6M | $978,664 | $2.3M |
| 2022 | 556 | $29.2M | $595,262 | $1.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $86,877 | — | $86,877 |
| ELIZABETH A. TAUER, CPA, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,877
- Estimated Expense Ratio: 0.208% 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 | $86,877 | — | $86,877 | — | — |
| 2023 | $74,521 | — | $74,521 | — | — |
| 2022 | $9,119 | — | $9,119 | — | — |