Plan Snapshot
- Plan Sponsor: Transaxle LLC
- Sponsor EIN: 205357782
- Sponsor Address: 2501 ROUTE 73 SOUTH, CINNAMINSON, NJ, 08077
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $9.6M
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 | 212 | $9.6M | $0 | $273,001 |
| 2023 | 239 | $9.3M | $0 | $334,497 |
| 2022 | 252 | $9.5M | $60,000 | $359,972 |
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 |
|---|---|---|---|---|
| IMA ADVISORY SERVICES INC | INVESTMENT ADVISOR | $18,889 | — | $18,889 |
| TRANSAXLE LLC DBA TRANSAXLE CORP TR | INVESTMENT ADVISOR | $13,559 | — | $13,559 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $7,989 | — | $7,989 |
| PRICEKUBECKA PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,437
- Estimated Expense Ratio: 0.419% 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 | $40,437 | $32,448 | — | — | — |
| 2023 | $3,356 | $1,094 | — | — | — |
| 2022 | — | — | — | — | — |