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

> Technique, INC.&#39;s 401(k) plan: 285 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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