Plan Snapshot
- Plan Sponsor: Tower Loan Of Mississippi, LLC
- Sponsor EIN: 455079659
- Sponsor Address: 406 LIBERTY PARK CT, FLOWOOD, MS, 39232
- Plan Type: 401(k)
- Total Participants: 513
- Total Assets: $59.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 513 | $59.8M | $780,408 | $2.1M |
| 2023 | 450 | $59.2M | $612,266 | $1.8M |
| 2022 | 428 | $56.1M | $765,711 | $2.3M |
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 |
|---|---|---|---|---|
| ONEAMERICA RETIREMENT SERVICES LLC | NONE | $39,765 | — | $39,765 |
| WAVERLY ADVISORS LLC | NONE | $5,992 | — | $5,992 |
| CARR,RIGGS & INGRAM, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,757
- Estimated Expense Ratio: 0.076% 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 | $49,855 | $10,090 | — | — | — |
| 2023 | $57,494 | $13,881 | — | — | — |
| 2022 | $31,760 | $12,896 | — | — | $18,458 |