# Teco Energy, LLC 401(k) Plan
Source: https://planprovider.pro/companies/teco-energy-llc-592052286-504

> Teco Energy, LLC&#39;s 401(k) plan: 3,429 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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