Plan Snapshot
- Plan Sponsor: Teradyne, INC. & Subsidiaries
- Sponsor EIN: 042272148
- Sponsor Address: MS 700 2 1, NORTH READING, MA, 01864
- Plan Type: 401(k)
- Total Participants: 2,241
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 2,241 | $1.2B | $13.0M | $37.0M |
| 2023 | 2,041 | $1.0B | $12.5M | $35.9M |
| 2022 | 2,068 | $883.3M | $12.5M | $34.0M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $293,879 | — | $293,879 |
| NEPC, LLC | INVESTMENT ADVISOR | $185,667 | — | $185,667 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $138,036 | — | $138,036 |
| BDO USA LLP | ACCOUNTANT/AUDITOR | $51,446 | — | $51,446 |
| BRIEN D WARD | ATTORNEY/LEGAL | $6,375 | — | $6,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- NEPC, LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BDO USA LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $675,403
- Estimated Expense Ratio: 0.059% 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 | $664,093 | $469,519 | — | $51,446 | — |
| 2023 | $602,977 | $397,350 | — | $22,369 | — |
| 2022 | $741,002 | $234,064 | — | — | — |