# Towne Park, LLC 401(k) Plan
Source: https://planprovider.pro/companies/towne-park-llc-401k-plan

> Towne Park, LLC&#39;s 401(k) plan: 12,346 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Towne Park, LLC

- **Sponsor EIN:** 521659267

- **Sponsor Address:** 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING, PA, 19462

- **Plan Type:** 401(k)

- **Total Participants:** 12,346

- **Total Assets:** $17.7M

## 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|12,346|$17.7M|$517,665|$2.8M|

| 2023|8,001|$15.1M|$532,161|$2.3M|

| 2022|7,022|$12.0M|$944,630|$1.8M|

## 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|

| KREISCHER MILLER|Auditor|$19,467|—|$19,467|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KREISCHER MILLER](https://planprovider.pro/provider/kreischer-miller) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $19,467

- **Estimated Expense Ratio:** 0.110% 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|$200,055|$43,224|—|$19,467|—|

| 2023|$197,475|$34,066|—|$18,042|—|

| 2022|$162,031|$5,174|—|—|—|

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