# True Homes, LLC 401(k) Plan
Source: https://planprovider.pro/companies/true-homes-llc-401k-plan

> True Homes, LLC's 401(k) plan: 390 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** True Homes, LLC

- **Sponsor EIN:** 261483906

- **Sponsor Address:** 2649 BREKONRIDGE CENTRE DRIVE, MONROE, NC, 28110

- **Plan Type:** 401(k)

- **Total Participants:** 390

- **Total Assets:** $24.3M

## 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|390|$24.3M|$1.2M|$2.9M|

| 2023|483|$18.4M|$1.2M|$2.7M|

| 2022|435|$13.3M|$488,141|$2.4M|

## 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|

| MERRILL LYNCH LIFE AGY|INVESTMENT ADVISOR|—|$53,033|$53,033|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $53,033

- **Estimated Expense Ratio:** 0.218% 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|$113,554|—|$113,554|—|—|

| 2023|$95,167|—|$95,167|—|—|

| 2022|$80,632|$31,047|$49,585|—|—|

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