Plan Snapshot
- Plan Sponsor: Tecomet
- Sponsor EIN: 043004131
- Sponsor Address: 115 EAMES ST, WILMINGTON, MA, 018873380
- Plan Type: 401(k)
- Total Participants: 1,344
- Total Assets: $137.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,344 | $137.1M | $3.3M | $7.0M |
| 2023 | 2,211 | $133.4M | $3.6M | $7.5M |
| 2022 | 2,949 | $123.7M | $3.4M | $7.0M |
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 |
|---|---|---|---|---|
| SIKICH CPA | Auditor | $20,500 | — | $20,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,500
- Estimated Expense Ratio: 0.015% 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 | $577,681 | $71,092 | $486,089 | $20,500 | — |
| 2023 | $534,570 | — | $477,427 | $57,143 | — |
| 2022 | $469,506 | — | $448,637 | — | $20,869 |