Plan5500

Technic, Inc. 401(K) Plan — Form 5500 plan (Technic, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Technic, Inc. 401(K) Plan is a benefit plan reported by Technic, Inc. under EIN 05-0243761 and plan number 001. The latest loaded filing year is 2023. The filing reports 376 participants and $70,070,276 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Technic, Inc.
EIN
05-0243761
Plan number
001
Plan type
2
Location
Cranston, RI
Latest filing year
2023
Participants
376
End-of-year plan assets
$70,070,276

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023376H, C20240925111740NAL0019668768001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$70,070,276
Total liabilities (EOY)
$0
Net assets (EOY)
$70,070,276
Net assets (BOY)
$59,832,932

Income & contributions

Employer contributions
$476,939
Participant contributions
$2,065,445
Total contributions
$2,567,715
Total income / additions
$12,866,784

Expenses & distributions

Benefits paid
$2,603,815
Administrative expenses
$5,396
Total expenses
$2,629,440
Net increase / (decrease)
$10,237,344

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
The Vanguard Group, Inc.NONE$7,196$02023

Related Form 5500 pages