Plan Snapshot
- Plan Sponsor: Technique, INC.
- Sponsor EIN: 383011922
- Sponsor Address: 1500 TECHNOLOGY DR, JACKSON, MI, 49202
- Plan Type: 401(k)
- Total Participants: 285
- Total Assets: $7.0M
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 | 285 | $7.0M | $394,986 | $995,466 |
| 2023 | 227 | $5.1M | $358,760 | $891,707 |
| 2022 | 232 | $3.2M | $272,582 | $713,280 |
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 |
|---|---|---|---|---|
| BOSWELL, SCHULTZ, SONNENBERG & ARNE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $34,838 | $28,323 | $880 | — | — |
| 2023 | $29,002 | $18,829 | $1,180 | — | — |
| 2022 | $14,703 | $13,523 | $1,180 | — | — |