Plan Snapshot
- Plan Sponsor: Tecan U.S., INC.
- Sponsor EIN: 561337248
- Sponsor Address: 9401 GLOBE CENTER DRIVE, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 905
- Total Assets: $139.5M
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 | 905 | $139.5M | $4.8M | $11.0M |
| 2023 | 1,076 | $117.5M | $5.3M | $11.3M |
| 2022 | 830 | $68.5M | $3.4M | $7.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $136,446 | — | $136,446 |
| MMA SECURITIES | ADVISOR | $75,000 | — | $75,000 |
| THOMAS, JUDY & TUCKER, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MMA SECURITIES — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,446
- Estimated Expense Ratio: 0.152% 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 | $211,446 | $75,000 | — | — | — |
| 2023 | $167,122 | $75,000 | — | — | — |
| 2022 | $198,559 | — | — | — | — |