Plan Snapshot
- Plan Sponsor: Truenet Communications Corp.
- Sponsor EIN: 743061278
- Sponsor Address: 90 FORT WADE ROAD, PONTE VEDRA, FL, 32081
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 576
- Total Assets: $17.9M
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. |
|---|---|---|---|---|
| 2025 | 576 | $17.9M | $0 | $0 |
| 2024 | 485 | $14.4M | $577,158 | $1.8M |
| 2023 | 547 | $12.0M | $639,314 | $1.7M |
| 2022 | 472 | $8.9M | $489,941 | $1.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $56,900 | — | $56,900 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $34,017 | — | $34,017 |
| RETIREMENT SOLUTIONS SPECIALISTS | Other Service Provider | $24,976 | — | $24,976 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,893
- Estimated Expense Ratio: 0.648% 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 |
|---|---|---|---|---|---|
| 2025 | $1,828,843 | $34,017 | $99,255 | $4,120 | — |
| 2024 | $104,886 | $33,002 | $71,884 | — | — |
| 2023 | $88,777 | $25,444 | $63,333 | — | — |
| 2022 | $79,963 | $22,053 | $57,910 | — | — |