# Tecomet 401(k) Plan
Source: https://planprovider.pro/companies/tecomet-401k-plan

> Tecomet&#39;s 401(k) plan: 1,344 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sikich-cpa-llc) — 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|

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