# Tinius Olsen Testing Machine Co, INC. 401(k) Plan
Source: https://planprovider.pro/companies/tinius-olsen-testing-machine-co-inc-230931190-502

> Tinius Olsen Testing Machine Co, INC.&#39;s 401(k) plan: 76 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Tinius Olsen Testing Machine Co, INC.

- **Sponsor EIN:** 230931190

- **Sponsor Address:** 1065 EASTON ROAD, HORSHAM, PA, 19044

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

- **Plan Number:** 502

- **Total Participants:** 76

- **Total Assets:** $424,392

## 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|76|$424,392|$742,003|$489,799|

| 2023|79|$175,901|$907,549|$326,519|

| 2022|74|$95,176|$1.1M|$19,500|

## 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|

| HARDENBERGH INSURANCE GROUP|Investment Advisor|$34,749|—|$34,749|

| THE BENECON GROUP, LLC|Investment Advisor|$22,767|—|$22,767|

| INDEPENDENCE ADMINISTRATORS (IA)|Other Service Provider|$21,157|—|$21,157|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $78,673

- **Estimated Expense Ratio:** 18.538% 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|$1,009,623|—|—|—|—|

| 2023|$942,339|—|—|—|—|

| 2022|$1,258,272|—|—|—|—|

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