Plan Snapshot
- Plan Sponsor: Techlab, INC.
- Sponsor EIN: 541527427
- Sponsor Address: 2001 KRAFT DRIVE, BLACKSBURG, VA, 240606358
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $18.7M
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 | 146 | $18.7M | $429,226 | $983,755 |
| 2023 | 154 | $16.2M | $448,732 | $1.0M |
| 2022 | 158 | $13.7M | $477,612 | $970,501 |
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 | $84,269 | — | $84,269 |
| CREATIVE PLANNING, INC. | INVESTMENT ADVISORY | — | $44,833 | $44,833 |
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, INC. — INVESTMENT ADVISORY
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,102
- Estimated Expense Ratio: 0.689% 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 | $84,270 | — | $84,270 | — | — |
| 2023 | $73,583 | — | $73,583 | — | — |
| 2022 | $73,895 | — | $73,895 | — | — |