Plan Snapshot
- Plan Sponsor: Tec-Masters, INC.
- Sponsor EIN: 630971481
- Sponsor Address: 1500 PERIMETER PKWY NW, HUNTSVILLE, AL, 358063520
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $20.8M
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 | 128 | $20.8M | $396,141 | $752,986 |
| 2023 | 125 | $20.5M | $298,927 | $634,828 |
| 2022 | 109 | $19.0M | $329,274 | $606,557 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $8,219 | — | $8,219 |
| SMITH THORNTON ADVISORS, LLC | INVESTMENT ADVISORY | $6,924 | $7 | $6,931 |
| HILL FOGG, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,150
- Estimated Expense Ratio: 0.073% 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 | $118,224 | $6,928 | $111,296 | — | — |
| 2023 | $112,961 | $94,271 | — | — | — |
| 2022 | $125,996 | — | $125,981 | — | — |