Plan Snapshot
- Plan Sponsor: Teco Energy, LLC
- Sponsor EIN: 592052286
- Sponsor Address: P.O. BOX 111, TAMPA, FL, 33601
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 3,429
- Total Assets: $888,435
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 | 3,429 | $888,435 | $3.5M | $1.2M |
| 2023 | 3,336 | $893,014 | $3.5M | $1.3M |
| 2022 | 3,215 | $922,944 | $3.2M | $1.2M |
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 |
|---|---|---|---|---|
| MERCER H&B | Other Service Provider | $75,850 | — | $75,850 |
| BNY MELLON | Other Service Provider | $11,974 | — | $11,974 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,824
- Estimated Expense Ratio: 9.885% 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 | $91,156 | — | $75,850 | $3,334 | — |
| 2023 | $94,229 | — | $52,343 | $29,768 | — |
| 2022 | $64,537 | — | — | — | $64,537 |