Plan Snapshot
- Plan Sponsor: Torc Robotics, INC
- Sponsor EIN: 202189518
- Sponsor Address: 405 PARTNERSHIP DRIVE, BLACKSBURG, VA, 24060
- Plan Type: 401(k)
- Total Participants: 639
- Total Assets: $61.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 639 | $61.4M | $6.3M | $9.0M |
| 2023 | 618 | $42.1M | $4.9M | $7.1M |
| 2022 | 571 | $23.7M | $3.3M | $5.3M |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $18,318 | — | — | — | — |
| 2023 | $10,830 | $6,580 | $3,300 | — | — |
| 2022 | $5,169 | — | — | — | — |