# Tecnico Corporation 401(k) Plan
Source: https://planprovider.pro/companies/tecnico-corporation-401k-plan

> Tecnico Corporation's 401(k) plan: 534 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/charles-schwab-and-co-inc) — 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|

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