Plan Snapshot
- Plan Sponsor: Tech Systems, INC.
- Sponsor EIN: 541685707
- Sponsor Address: 1011 DAVIS DRIVE, APEX, NC, 27523
- Plan Type: 401(k)
- Total Participants: 507
- Total Assets: $5.5M
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 | 507 | $5.5M | $628,805 | $516,797 |
| 2023 | 510 | $5.2M | $829,292 | $474,017 |
| 2022 | 454 | $4.3M | $692,716 | $449,175 |
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 | Recordkeeper | $49,173 | — | $49,173 |
| CBIZ BENEFITS & INSURANCE SERVICES | Recordkeeper | $19,878 | $2,596 | $22,474 |
| UBS FINANCIAL SERVICES | Investment Advisor | — | $12,904 | $12,904 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,551
- Estimated Expense Ratio: 1.523% 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 | $69,052 | — | $69,052 | — | — |
| 2023 | $63,238 | — | $63,238 | — | — |
| 2022 | $67,096 | — | $67,096 | — | — |