Plan Snapshot
- Plan Sponsor: Astec Industries, INC.
- Sponsor EIN: 620873631
- Sponsor Address: 1725 SHEPHERD ROAD, CHATTANOOGA, TN, 37421
- Plan Type: 401(k)
- Total Participants: 3,173
- Total Assets: $350.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,173 | $350.1M | $9.7M | $23.7M |
| 2023 | 3,459 | $317.9M | $7.8M | $20.7M |
| 2022 | 3,444 | $278.4M | $7.3M | $18.6M |
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 |
|---|---|---|---|---|
| LBMC,PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC,PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $707,997 | $327,920 | — | — | — |
| 2023 | $638,763 | $281,336 | — | — | — |
| 2022 | $607,263 | $343,253 | — | — | $1,200 |