Plan Snapshot
- Plan Sponsor: Townley Engineering And Manufacturing Company, INC.
- Sponsor EIN: 591205861
- Sponsor Address: 10551 S.E. 110TH ST ROAD PO BOX 221, CANDLER, FL, 32111
- Plan Type: 401(k)
- Total Participants: 297
- Total Assets: $15.8M
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 | 297 | $15.8M | $268,398 | $1.2M |
| 2023 | 339 | $14.2M | $257,169 | $1.1M |
| 2022 | 267 | $12.1M | $239,641 | $1.0M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $60,643 | — | $60,643 |
| RAYMOND JAMES AND ASSOCIATES | NONE | $34,205 | — | $34,205 |
| DUGGAN, JOINER, & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- RAYMOND JAMES AND ASSOCIATES — NONE
- DUGGAN, JOINER, & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $94,848
- Estimated Expense Ratio: 0.602% 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 | $42,136 | $34,205 | $7,931 | — | — |
| 2023 | $37,186 | $33,004 | — | — | — |
| 2022 | $35,093 | $30,736 | $4,357 | — | — |