Townley Engineering and Manufacturing 401(k) match, vesting and fees
What Townley Engineering and Manufacturing's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Minnesota Life Insurance Company | 2023 Schedule C ↗ |
| Independent auditor | Duggan, Joiner, & Company (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 1,836 defined-contribution plans in transportation and warehousing with 100 to 499 participants.
| Townley Engineering and Manufacturing: employer contribution per participant | $758 | |
| Peer median | $1,076 |
| Townley Engineering and Manufacturing: average balance | $44,513 | |
| Peer median | $31,804 |
| Townley Engineering and Manufacturing: admin expenses ÷ assets | 0.28% | |
| Peer median | 0.46% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $13.8M at the end of plan year 2021 to $15.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 423 | $15.8M | $268K | $758 | 0.28% | Not published | Form 5500 ↗ |
| 2023 | 439 | $14.2M | $257K | $775 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 368 | $12.1M | $240K | $754 | 0.27% | Not published | Form 5500 ↗ |
| 2021 | 365 | $13.8M | $241K | $761 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Townley Engineering and Manufacturing match 401(k) contributions?
The match terms for the Townley Engineering and Manufacturing Company, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $268K in employer contributions, about $758 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Townley Engineering and Manufacturing 401(k) match vested?
The vesting schedule for the Townley Engineering and Manufacturing Company, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Townley Engineering and Manufacturing 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Minnesota Life Insurance Company. The plan administrator is Townley Engineering and Manufacturing Company, Inc..
I left Townley Engineering and Manufacturing. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Townley Engineering and Manufacturing Company, Inc., (352) 687-3001) or the recordkeeper, Minnesota Life Insurance Company. The Townley Engineering and Manufacturing old 401(k) page lists the contacts from every plan filing. Find an old Townley Engineering and Manufacturing 401(k)
Data from the public Form 5500 annual reports Townley Engineering and Manufacturing filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Townley Engineering and Manufacturing. Not financial advice. Report a correction · Methodology