Plan Snapshot
- Plan Sponsor: Tactile Systems Technology, INC.
- Sponsor EIN: 411801204
- Sponsor Address: 3701 WAYZATA BLVD, SUITE 300, MINNEAPOLIS, MN, 55416
- Plan Type: 401(k)
- Total Participants: 1,044
- Total Assets: $43.9M
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. |
|---|---|---|---|---|
| 2024 | 1,044 | $43.9M | $2.4M | $6.2M |
| 2023 | 967 | $32.2M | $1.5M | $5.4M |
| 2022 | 972 | $25.7M | $1.4M | $5.0M |
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 |
|---|---|---|---|---|
| USI ADVISORS INC | Investment Advisor | $36,667 | — | $36,667 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $18,391 | — | $18,391 |
| UKG | Other Service Provider | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,058
- Estimated Expense Ratio: 0.153% 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 |
|---|---|---|---|---|---|
| 2024 | $67,629 | $37,238 | — | — | — |
| 2023 | $51,376 | $49,376 | — | — | — |
| 2022 | $28,494 | — | $28,494 | — | — |