Plan Snapshot
- Plan Sponsor: Temco, INC.
- Sponsor EIN: 421196117
- Sponsor Address: 1514 NE 69TH PLACE, ANKENY, IA, 50021
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $9.1M
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 | 105 | $9.1M | $298,504 | $547,171 |
| 2023 | 102 | $8.5M | $268,911 | $497,835 |
| 2022 | 101 | $7.1M | $243,495 | $462,527 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $13,503 | — | $13,503 |
| THE RETIREMENT ADVANTAGE | Other Service Provider | $1,875 | $8,490 | $10,365 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,760 | — | $8,760 |
| RIA ADVISORY GROUP LLC | Investment Advisor | $7,339 | — | $7,339 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,967
- Estimated Expense Ratio: 0.438% 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 | $31,598 | $22,181 | $658 | — | — |
| 2023 | $25,470 | — | $25,470 | — | — |
| 2022 | $31,401 | — | $31,401 | — | — |