Plan Snapshot
- Plan Sponsor: Twin Boro Management, LLC
- Sponsor EIN: 842755562
- Sponsor Address: 20 COMMERCE DRIVE, CANFORD, NJ, 07016
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 331
- Total Assets: $14.2M
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. |
|---|---|---|---|---|
| 2023 | 331 | $14.2M | $89,085 | $1.4M |
| 2022 | 271 | $11.2M | $59,897 | $922,156 |
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 |
|---|---|---|---|---|
| WEDBUSH SECURITIES | Other Service Provider | $37,477 | — | $37,477 |
| THE VANGUARD GROUP, INC. | Other Service Provider | $17,914 | — | $17,914 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,391
- Estimated Expense Ratio: 0.390% 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 |
|---|---|---|---|---|---|
| 2023 | $55,391 | $37,477 | $17,914 | — | — |
| 2022 | $48,381 | $34,981 | $13,400 | — | — |