Plan Snapshot
- Plan Sponsor: Tractor & Equipment Company
- Sponsor EIN: 630211767
- Sponsor Address: PERSONAL AND CONFIDENTIAL, BIRMINGHAM, AL, 352121528
- Plan Type: 401(k)
- Total Participants: 678
- Total Assets: $83.9M
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. |
|---|---|---|---|---|
| 2024 | 678 | $83.9M | $1.7M | $3.4M |
| 2023 | 649 | $77.0M | $1.5M | $3.2M |
| 2022 | 612 | $67.5M | $1.4M | $2.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $121,261 | — | $121,261 |
| REGIONS BANK DBA REGIONS TRUST | INVESTMENT ADVISOR | $81,095 | — | $81,095 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,356
- Estimated Expense Ratio: 0.241% 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 | $202,356 | $81,095 | — | — | — |
| 2023 | $181,672 | $69,786 | — | — | — |
| 2022 | $152,993 | $50,404 | — | — | — |