# Techlab, INC. 401(k) Plan
Source: https://planprovider.pro/companies/techlab-inc-401k-plan

> Techlab, INC.&#39;s 401(k) plan: 146 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/creative-planning) — INVESTMENT ADVISORY

- [LBMC, PC](https://planprovider.pro/provider/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|—|—|

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