# Torrent Pharma INC 401(k) Plan
Source: https://planprovider.pro/companies/torrent-pharma-inc-401k-plan

> Torrent Pharma INC&#39;s 401(k) plan: 30 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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