Plan Snapshot
- Plan Sponsor: Tessco Technologies Incorporated
- Sponsor EIN: 520729657
- Sponsor Address: 11126 MCCORMICK ROAD, HUNT VALLEY, MD, 210311494
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $581,029 | $2.6M |
| 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. | NONE | $249,122 | — | $249,122 |
| GREENSPRING ADVISORS | NONE | $75,000 | — | $75,000 |
| CHARLES SCHWAB TRUST BANK | NONE | $28 | $30,418 | $30,446 |
| SC&H ATTEST SERVICES, P.C. | NONE | $26,000 | — | $26,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- GREENSPRING ADVISORS — NONE
- CHARLES SCHWAB TRUST BANK — NONE
- SC&H ATTEST SERVICES, P.C. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $380,568
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 | $190,172 | $62,500 | $127,672 | — | — |
| 2023 | $175,080 | $37,500 | — | $13,000 | — |
| 2022 | $181,165 | — | — | — | $181,165 |