Plan Snapshot
- Plan Sponsor: Technica LLC
- Sponsor EIN: 432036786
- Sponsor Address: 1 COOL BLOW STREET, SUITE 201, CHARLESTON, SC, 29401
- Plan Type: 401(k)
- Total Participants: 952
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 952 | $16.6M | $1.9M | $1.1M |
| 2023 | 804 | $14.9M | $2.2M | $976,874 |
| 2022 | 881 | $13.5M | $3.3M | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $107,375 | — | $107,375 |
| MY BENEFITS LLC | CONTRACT ADMIN | $55,855 | $10,000 | $65,855 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $17,986 | — | $17,986 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $15,653 | — | $15,653 |
| JONES, POUNDER & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $206,869
- Estimated Expense Ratio: 1.246% 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 | $206,221 | — | $206,221 | — | — |
| 2023 | $179,164 | — | $179,164 | — | — |
| 2022 | $134,702 | — | — | — | $134,702 |