Plan Snapshot
- Plan Sponsor: Torrent Pharma INC
- Sponsor EIN: 364547412
- Sponsor Address: 106 ALLEN RD, STE 305, BASKING RIDGE, NJ, 07920
- Plan Type: 401(k)
- Total Participants: 30
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 30 | $7.6M | $179,308 | $345,674 |
| 2023 | 30 | $7.5M | $126,250 | $306,187 |
| 2022 | 43 | $7.4M | $246,793 | $647,187 |
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 | $6,610 | — | $6,610 |
| KNAV CPA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KNAV CPA LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,610
- Estimated Expense Ratio: 0.087% 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 | $6,610 | — | — | — | — |
| 2023 | $1,820 | — | — | — | — |
| 2022 | $3,320 | — | — | — | — |