Employers › Tower Research Capital LLC (TRC)
Recordkeeping fees per participant · Tower Research Capital Group 401(k) Plan · plan year 2024
$16.57
Higher than 15% of the 5,847 plans $50 to 250M that report it.
= $12,265 / 740
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015120218NAL0006012224001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015120218NAL0006012224001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$16.57
Higher than 10% of the 8,758 plans $50 to 250M that report it.
= $12,265 / 740
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015120218NAL0006012224001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015120218NAL0006012224001, received 2025-10-15
Administrative expenses per participant
$16.98
Higher than 6% of the 9,042 plans $50 to 250M that report it.
= $12,565 / 740
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015120218NAL0006012224001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015120218NAL0006012224001, received 2025-10-15
Administrative expenses as a share of assets
0.008%
Higher than 4% of the 9,049 plans $50 to 250M that report it.
= $12,565 / $167,424,358
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015120218NAL0006012224001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015120218NAL0006012224001, received 2025-10-15
Employer contributions per participant
$4,444
Higher than 73% of the 9,105 plans $50 to 250M that report it.
= $3,288,423 / 740
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015120218NAL0006012224001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015120218NAL0006012224001, received 2025-10-15
Employer share of total contributions
20.0%
Higher than 19% of the 9,112 plans $50 to 250M that report it.
= $3,288,423 / $16,415,481
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015120218NAL0006012224001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015120218NAL0006012224001, received 2025-10-15
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015120218NAL0006012224001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TOWER RESEARCH CAPITAL, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Plan name | TOWER RESEARCH CAPITAL GROUP 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Sponsor EIN / plan number | 13-3994895 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Industry (business code) | 523900, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Participants, beginning of year | 821 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Active participants | 468 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Participants, end of year | 825 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Participants with an account balance | 740 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total assets, beginning of year | $136,351,534 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total assets, end of year | $167,424,358 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Net assets, end of year | $167,424,358 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total income | $40,230,205 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Net income | $31,215,204 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Employer contributions | $3,288,423 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Participant contributions | $12,111,672 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $1,015,386 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total contributions | $16,415,481 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Benefit payments | $8,846,317 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $9,015,001 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Total administrative expenses | $12,565 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Recordkeeping fees | $12,265 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Investment advisory and management fees | $300 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Administrative expenses excluding investment management | $12,265 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Held in mutual funds | $161,734,904 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015120218NAL0006012224001, received 2025-10-15 |
| Independent auditor | CLIFTONLARSONALLEN, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015120218NAL0006012224001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015120218NAL0006012224001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ADP, INC.recordkeeper | RECORD KEEPER | 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees; 21 Trustee (bank, trust company or similar); 49 Other services; 99 Other fees | $12,564 | yes |
| CHARLES SCHWAB INVESTMENT MGMT INC. | BROKER | 33 Securities brokerage | $66 | yes |
| ADP BROKER-DEALERrecordkeeper | RECORD KEEPER | 60 Sub-transfer agency fees; 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015120218NAL0006012224001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $136,351,534 | $167,424,358 | 22.8% |
| Participants with a balance | 732 | 740 | 1.1% |
| Administrative expenses | $42,824 | $12,565 | -70.7% |
| Recordkeeping fees per participant | $58.09 | $16.57 | -71.5% |
| Employer contributions | $3,220,526 | $3,288,423 | 2.1% |
Prior filing 20241015173050NAL0015174659001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: TOWER RESEARCH CAPITAL, LLC; SEC registrant: Tower Research Capital LLC (TRC) (CIK 1533421, matched by EIN).