Plan Snapshot
- Plan Sponsor: Tecnico Corporation
- Sponsor EIN: 541571418
- Sponsor Address: 831 INDUSTRIAL AVENUE, CHESAPEAKE, VA, 23324
- Plan Type: 401(k)
- Total Participants: 534
- Total Assets: $31.1M
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 | 534 | $31.1M | $367,432 | $2.7M |
| 2023 | 573 | $32.0M | $336,375 | $2.8M |
| 2022 | 583 | $29.3M | $404,160 | $2.7M |
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 | $80,136 | — | $80,136 |
| THE ASCENT GROUP LLC | INVESTMENT ADVISOR | $63,355 | — | $63,355 |
| CHARLES W SNADER PC | AUDITOR | $7,650 | — | $7,650 |
| CHARLES W. SNADER,P.C. | Auditor | $7,650 | — | $7,650 |
| BDO USA, LLP | THIRD PARTY ADMIN | $6,595 | — | $6,595 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES W. SNADER,P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $165,386
- Estimated Expense Ratio: 0.532% 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 | $150,750 | $63,355 | $6,595 | $7,650 | — |
| 2023 | $127,030 | $57,540 | $57,471 | — | — |
| 2022 | $157,342 | $61,633 | $89,409 | — | $6,300 |