Plan Snapshot
- Plan Sponsor: Technical Engineering Consultants
- Sponsor EIN: 272887196
- Sponsor Address: 901 TOWER DRIVE, TROY, MI, 48098
- Plan Type: 401(k)
- Total Participants: 1,333
- Total Assets: $6.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,333 | $6.0M | $0 | $840,495 |
| 2023 | 1,725 | $5.3M | $0 | $881,253 |
| 2022 | 3,508 | $4.1M | $0 | $725,725 |
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 |
|---|---|---|---|---|
| PENSION PLAN SERVICES | Other Service Provider | $22,620 | — | $22,620 |
| CAPITAL GROUP RETIREMENT PLAN SERVI | Recordkeeper | $21,825 | — | $21,825 |
| OSAIC WEALTH INC | Investment Advisor | $20,859 | — | $20,859 |
| WOODBURY FINANCIAL | Other Service Provider | $5,998 | — | $5,998 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,302
- Estimated Expense Ratio: 1.189% 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 | $66,952 | — | — | — | — |
| 2023 | $37,065 | — | $37,065 | — | — |
| 2022 | $36,398 | — | — | — | $36,398 |