Plan Snapshot
- Plan Sponsor: Tessco Technologies Incorporated
- Sponsor EIN: 520729657
- Sponsor Address: 11126 MCCORMICK ROAD, HUNT VALLEY, MD, 210311494
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 422
- Total Assets: $59.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 422 | $59.0M | $907,511 | $3.1M |
| 2022 | 533 | $52.6M | $799,480 | $3.1M |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | Recordkeeper | $124,561 | — | $124,561 |
| GREENSPRING ADVISORS | Investment Advisor | $37,500 | — | $37,500 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | $14 | $15,209 | $15,223 |
| SC&H ATTEST SERVICES, P.C. | Auditor | $13,000 | — | $13,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- GREENSPRING ADVISORS — Investment Advisor
- CHARLES SCHWAB TRUST BANK — Recordkeeper
- SC&H ATTEST SERVICES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $190,284
- Estimated Expense Ratio: 0.322% 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 |
|---|---|---|---|---|---|
| 2023 | $175,080 | $37,500 | — | $13,000 | — |
| 2022 | $181,165 | — | — | — | $181,165 |