Plan Snapshot
- Plan Sponsor: Teco Energy, LLC
- Sponsor EIN: 592052286
- Sponsor Address: P.O. BOX 111, TAMPA, FL, 33601
- Plan Type: DB
- Total Participants: 3,643
- Total Assets: $743.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,643 | $743.8M | $18.4M | $0 |
| 2023 | 3,497 | $721.9M | $15.9M | $0 |
| 2022 | 3,365 | $731.8M | $16.0M | $0 |
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 |
|---|---|---|---|---|
| CONDUENT | PENSION CALCULATOR | $545,633 | — | $545,633 |
| BNY MELLON | PARTY IN INTEREST | $393,348 | — | $393,348 |
| MERCER | NONE | $275,498 | — | $275,498 |
| PIMCO | NONE | $201,240 | — | $201,240 |
| BLACKROCK | NONE | $75,302 | — | $75,302 |
| CLIFTONLARSONALLEN LLP | NONE | $19,215 | — | $19,215 |
| LGIM | NONE | $8,750 | — | $8,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,518,986
- Estimated Expense Ratio: 0.204% 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 | $2,756,442 | $450,002 | — | $19,215 | — |
| 2023 | $6,565,607 | $416,030 | — | $34,991 | — |
| 2022 | $2,309,589 | $582,707 | — | — | $1,129,274 |