Plan Snapshot
- Plan Sponsor: Tower Loan Of Mississippi, LLC
- Sponsor EIN: 455079659
- Sponsor Address: P.O. BOX 320001, FLOWOOD, MS, 39232
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 466
- Total Assets: $432,007
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 466 | $432,007 | $4.8M | $1.6M |
| 2023 | 438 | $338,853 | $2.4M | $1.5M |
| 2022 | 432 | $441,649 | $2.6M | $1.5M |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $323,261 | $9,414 | $332,675 |
| ROSS & YERGER INSURANCE, INC | Investment Advisor | $19,943 | — | $19,943 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $352,618
- Estimated Expense Ratio: 81.623% 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 | $385,693 | — | $385,693 | — | — |
| 2023 | $272,330 | — | $272,330 | — | — |
| 2022 | $308,785 | — | $308,785 | — | — |