Plan Snapshot
- Plan Sponsor: Torn & Glasser, INC.
- Sponsor EIN: 952038611
- Sponsor Address: 1800 WEST HOLT AVENUE, POMONA, CA, 91768
- Plan Type: 401(k)
- Total Participants: 328
- Total Assets: $13.8M
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 | 328 | $13.8M | $785,843 | $1.1M |
| 2023 | 305 | $11.2M | $736,006 | $882,745 |
| 2022 | 298 | $8.8M | $444,062 | $807,111 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $49,123 | — | $49,123 |
| NFP RETIREMENT INC | ADVISOR | $40,000 | — | $40,000 |
| HEDMAN PARTNERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NFP RETIREMENT INC — ADVISOR
- HEDMAN PARTNERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,123
- Estimated Expense Ratio: 0.644% 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 | $89,634 | $40,511 | — | — | — |
| 2023 | $80,899 | $41,351 | — | — | — |
| 2022 | $78,552 | $428 | — | — | — |