Plan Snapshot
- Plan Sponsor: Tropical Cheese Industries, INC.
- Sponsor EIN: 222389912
- Sponsor Address: 450 FAYETTE STREET, PERTH AMBOY, NJ, 08861
- Plan Type: 401(k)
- Total Participants: 304
- Total Assets: $18.1M
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 | 304 | $18.1M | $456,218 | $1.1M |
| 2023 | 290 | $15.5M | $419,759 | $988,888 |
| 2022 | 271 | $13.1M | $381,725 | $972,852 |
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 |
|---|---|---|---|---|
| BKC, CPA'S P.C. | Auditor | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,000
- Estimated Expense Ratio: 0.044% 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 | $20,263 | $8,778 | $110 | $8,000 | — |
| 2023 | $16,508 | $6,146 | — | $7,000 | — |
| 2022 | $16,492 | $14,742 | $1,750 | — | — |