Plan Snapshot
- Plan Sponsor: Townsend Industries, INC.
- Sponsor EIN: 770032058
- Sponsor Address: 4615 SHEPARD STREET, BAKERSFIELD, CA, 93313
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $6.6M
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. |
|---|---|---|---|---|
| 2023 | 191 | $6.6M | $108,276 | $700,119 |
| 2022 | 225 | $5.6M | $114,237 | $568,697 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $55,268 | — | $55,268 |
| MONARCH CORPORATE ADVISORS, INC. | INVESTMENT/FINANCIAL ADVI | $35,548 | — | $35,548 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,816
- Estimated Expense Ratio: 1.370% 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 |
|---|---|---|---|---|---|
| 2023 | $45,409 | $17,774 | — | — | — |
| 2022 | $44,687 | — | — | — | — |