# Townley Engineering And Manufacturing Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/townley-engineering-and-manufacturing-company-inc-401k-plan

> Townley Engineering And Manufacturing Company, INC.&#39;s 401(k) plan: 297 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [RAYMOND JAMES AND ASSOCIATES](https://planprovider.pro/provider/john-hancock) — NONE

- [DUGGAN, JOINER, & COMPANY](https://planprovider.pro/provider/duggan-joiner-and-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|—|—|

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