Plan Snapshot
- Plan Sponsor: Tec-Corp
- Sponsor EIN: 421011760
- Sponsor Address: 2300 7TH STREET, SIOUX CITY, IA, 51105
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $20.5M
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. |
|---|---|---|---|---|
| 2024 | 181 | $20.5M | $641,461 | $1.4M |
| 2023 | 121 | $12.9M | $201,144 | $1.0M |
| 2022 | 123 | $10.5M | $176,197 | $888,718 |
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 |
|---|---|---|---|---|
| VISIONPOINT ADVISORY GROUP | ADVISOR | $49,692 | — | $49,692 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $22,348 | — | $22,348 |
| HENJES, CONNER & WILLIAMS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- HENJES, CONNER & WILLIAMS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,040
- Estimated Expense Ratio: 0.352% 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 | $72,040 | $49,692 | — | — | — |
| 2023 | $51,721 | $33,374 | — | — | — |
| 2022 | $1,239,404 | — | $52,092 | — | — |