Plan Snapshot
- Plan Sponsor: Transact Technologies INC.
- Sponsor EIN: 061456680
- Sponsor Address: ONE HAMDEN CENTER, HAMDEN, CT, 06518
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $25.0M
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 | 101 | $25.0M | $364,027 | $1.2M |
| 2023 | 108 | $20.6M | $229,847 | $1.2M |
| 2022 | 122 | $17.8M | $354,922 | $1.1M |
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 |
|---|---|---|---|---|
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | $42,823 | — | $42,823 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,734 | — | $5,734 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — Investment Advisor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,557
- Estimated Expense Ratio: 0.194% 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 | $49,575 | $48,558 | — | — | — |
| 2023 | $43,484 | $42,265 | — | — | — |
| 2022 | $49,278 | $3,981 | — | — | — |