Plan Snapshot
- Plan Sponsor: Titan Electric Companies, LLC
- Sponsor EIN: 843860949
- Sponsor Address: 3922 COCONUT PALM DR, TAMPA, FL, 33619
- Plan Type: 401(k)
- Total Participants: 403
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 403 | $15.1M | $1.1M | $2.0M |
| 2023 | 402 | $12.5M | $946,012 | $1.8M |
| 2022 | 411 | $9.8M | $668,283 | $1.4M |
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 | $42,989 | — | $42,989 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $28,171 | $19 | $28,190 |
| HACKER, JOHNSON & SMITH, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HACKER, JOHNSON & SMITH, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,179
- Estimated Expense Ratio: 0.473% 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 | $71,160 | $11,268 | $42,989 | — | — |
| 2023 | $50,806 | — | $50,806 | — | — |
| 2022 | $61,063 | $24,033 | — | — | — |