Plan Snapshot
- Plan Sponsor: Transit-Technologies, LLC
- Sponsor EIN: 833879621
- Sponsor Address: 2035 LAKESIDE CENTRE DRIVE, KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 333 | $7.2M | $289,886 | $1.4M |
| 2023 | 255 | $4.2M | $0 | $759,239 |
| 2022 | 180 | $3.0M | $0 | $734,315 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS, | Recordkeeper | $27,970 | — | $27,970 |
| SAGEVIEW ADVISORY GROUP, LLC | Investment Advisor | $12,987 | — | $12,987 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS, — Recordkeeper
- SAGEVIEW ADVISORY GROUP, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,957
- Estimated Expense Ratio: 0.567% 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 | $42,457 | — | $42,457 | — | — |
| 2023 | $27,180 | — | $27,180 | — | — |
| 2022 | $22,208 | — | $22,208 | — | — |