Plan Snapshot
- Plan Sponsor: Titan America LLC
- Sponsor EIN: 980124782
- Sponsor Address: 5700 LAKE WRIGHT DR.,, NORFOLK, VA, 23502
- Plan Type: 401(k)
- Total Participants: 2,741
- Total Assets: $236.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 2,741 | $236.3M | $6.8M | $18.3M |
| 2023 | 2,560 | $215.8M | $5.7M | $16.1M |
| 2022 | 2,309 | $178.6M | $5.1M | $14.0M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $187,537 | — | $187,537 |
| AON | NONE | $57,657 | — | $57,657 |
| BDO USA, PC | NONE | $27,000 | — | $27,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $272,194
- Estimated Expense Ratio: 0.115% 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 | $277,953 | — | — | $27,000 | — |
| 2023 | $259,141 | $15,733 | — | $26,000 | — |
| 2022 | $324,293 | — | — | — | $87,600 |