# Tropic 401(k) Plan
Source: https://planprovider.pro/companies/tropic-401k-plan

> Tropic's 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/guideline-inc) — RECORDKEEPER

- [STOCKMAN KAST RYAN](https://planprovider.pro/provider/stockman-kast-ryan-and-co-llp) — 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|—|—|—|—|—|

## Similar Plans

- [Ww International, INC.](https://planprovider.pro/companies/ww-international-inc-401k-plan) — 1,439 participants

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