Plan Snapshot
- Plan Sponsor: Tropic
- Sponsor EIN: 842466046
- Sponsor Address: 28 W 25TH ST, NEW YORK, NY, 10010
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $8.2M
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 | 151 | $8.2M | $262,361 | $1.9M |
| 2023 | 229 | $7.2M | $1.1M | $2.0M |
| 2022 | 170 | $2.1M | $475,753 | $889,209 |
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 |
|---|---|---|---|---|
| GUIDELINE, INC. | RECORDKEEPER | $9,357 | — | $9,357 |
| BENEFIT TRUST COMPANY | CUSTODIAN | — | $5,912 | $5,912 |
| STOCKMAN KAST RYAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUIDELINE, INC. — RECORDKEEPER
- STOCKMAN KAST RYAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,269
- Estimated Expense Ratio: 0.187% 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 | $10,342 | $6,474 | — | — | — |
| 2023 | $4,482 | $3,298 | — | — | — |
| 2022 | — | — | — | — | — |