Plan Snapshot
- Plan Sponsor: Transportation Impact LLC
- Sponsor EIN: 262683818
- Sponsor Address: 8921 CREW DRIVE, EMERALD ISLE, NC, 28594
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $12.6M
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 | 170 | $12.6M | $799,018 | $1.6M |
| 2023 | 164 | $11.8M | $900,507 | $1.3M |
| 2022 | 185 | $7.9M | $861,010 | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $79,554 | — | $79,554 |
| MWA FINANCIAL SERVICES INC | OTHER SERVICES | — | $49,523 | $49,523 |
| DEFINITI LLC | CONTRACT ADMINISTRATOR | $4,411 | $5,995 | $10,406 |
| PBMARES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MWA FINANCIAL SERVICES INC — OTHER SERVICES
- PBMARES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $139,483
- Estimated Expense Ratio: 1.110% 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 | $83,965 | — | $83,965 | — | — |
| 2023 | $79,422 | — | $79,422 | — | — |
| 2022 | $63,492 | — | $63,492 | — | — |