Plan Snapshot
- Plan Sponsor: Trove Brands, LLC
- Sponsor EIN: 870663411
- Sponsor Address: 250 SOUTH 850 EAST, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 247
- Total Assets: $12.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 247 | $12.1M | $625,648 | $1.2M |
| 2023 | 190 | $8.9M | $455,969 | $909,768 |
| 2022 | 169 | $6.4M | $378,610 | $753,280 |
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 |
|---|---|---|---|---|
| SQUIRE & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SQUIRE & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $56,364 | $30,263 | -$7,448 | — | — |
| 2023 | $73,125 | $25,910 | $4,595 | — | — |
| 2022 | $62,797 | — | $62,797 | — | — |