# Tec-Masters, INC. 401(k) Plan
Source: https://planprovider.pro/companies/tec-masters-inc-401k-plan

> Tec-Masters, INC.&#39;s 401(k) plan: 128 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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