401k Plan data: TEC, INC. 401(K) PLAN plan

TEC, INC. 401(K) PLAN 401k Plan overview

Plan Name	TEC, INC. 401(K) PLAN
Plan identification number	001

TEC, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Life insurance

401k Sponsoring company profile

TEC, INC has sponsored the creation of one or more 401k plans.

Company Name: TEC, INC

Employer identification number (EIN): 341403872

NAIC Classification: 541330
NAIC Description: Engineering Services

Additional information about TEC, INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date: 1973-02-21

Company Identification Number: 510347

More information about TEC, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEC, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2018-01-01 TERRANCE M. KILBOURNE 2019-04-19 TERRANCE M. KILBOURNE 2019-04-19
001 2017-01-01 TERRANCE M. KILBOURNE 2018-07-09
001 2016-01-01 TERRANCE M. KILBOURNE 2017-04-18
001 2015-01-01 TERRANCE M. KILBOURNE 2016-05-04
001 2014-01-01 TERRANCE M. KILBOURNE 2015-06-02 TERRANCE M. KILBOURNE 2015-06-02
001 2013-01-01 TERRANCE M. KILBOURNE 2014-04-23 TERRANCE M. KILBOURNE 2014-04-23
001 2012-01-01 TERRANCE M. KILBOURNE 2013-04-05 TERRANCE M. KILBOURNE 2013-04-05
001 2011-01-01 TERRANCE M. KILBOURNE 2012-06-19 TERRANCE M. KILBOURNE 2012-06-19
001 2010-01-01 TERRANCE M. KILBOURNE 2011-04-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2018-01-01	TERRANCE M. KILBOURNE	2019-04-19	TERRANCE M. KILBOURNE	2019-04-19
001	2017-01-01	TERRANCE M. KILBOURNE	2018-07-09
001	2016-01-01	TERRANCE M. KILBOURNE	2017-04-18
001	2015-01-01	TERRANCE M. KILBOURNE	2016-05-04
001	2014-01-01	TERRANCE M. KILBOURNE	2015-06-02	TERRANCE M. KILBOURNE	2015-06-02
001	2013-01-01	TERRANCE M. KILBOURNE	2014-04-23	TERRANCE M. KILBOURNE	2014-04-23
001	2012-01-01	TERRANCE M. KILBOURNE	2013-04-05	TERRANCE M. KILBOURNE	2013-04-05
001	2011-01-01	TERRANCE M. KILBOURNE	2012-06-19	TERRANCE M. KILBOURNE	2012-06-19
001	2010-01-01	TERRANCE M. KILBOURNE	2011-04-07

Plan Statistics for TEC, INC. 401(K) PLAN

401k plan membership statisitcs for TEC, INC. 401(K) PLAN

Measure Date Value
2022: TEC, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 27
Number of retired or separated participants receiving benefits 2022-01-01 3
Number of other retired or separated participants entitled to future benefits 2022-01-01 4
Total of all active and inactive participants 2022-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 34
Number of participants with account balances 2022-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: TEC, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 28
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 31
Number of participants with account balances 2021-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: TEC, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 27
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 18
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 4
Total of all active and inactive participants 2020-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 22
Number of participants with account balances 2020-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2022: TEC, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	27
Number of retired or separated participants receiving benefits	2022-01-01	3
Number of other retired or separated participants entitled to future benefits	2022-01-01	4
Total of all active and inactive participants	2022-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	34
Number of participants with account balances	2022-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: TEC, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	28
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	31
Number of participants with account balances	2021-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: TEC, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	27
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	18
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	4
Total of all active and inactive participants	2020-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	22
Number of participants with account balances	2020-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on TEC, INC. 401(K) PLAN

Measure	Date	Value
2022 : TEC, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$3,552,632
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-1,500,384
Expenses. Total of all expenses incurred	2022-12-31	$36,333
Benefits paid (including direct rollovers)	2022-12-31	$27,949
Total plan assets at end of year	2022-12-31	$5,555,832
Total plan assets at beginning of year	2022-12-31	$3,539,917
Value of fidelity bond covering the plan	2022-12-31	$500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$235,751
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-1,816,708
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-1,536,717
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,555,832
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,539,917
Assets. Value of participant loans	2022-12-31	$23,197
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$80,573
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$8,384
2021 : TEC, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$587,295
Expenses. Total of all expenses incurred	2021-12-31	$397,459
Benefits paid (including direct rollovers)	2021-12-31	$394,643
Total plan assets at end of year	2021-12-31	$3,539,917
Total plan assets at beginning of year	2021-12-31	$3,350,081
Value of fidelity bond covering the plan	2021-12-31	$350,000
Total contributions received or receivable from participants	2021-12-31	$122,072
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$409,036
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$189,836
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,539,917
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,350,081
Assets. Value of participant loans	2021-12-31	$35,085
Total contributions received or receivable from employer(s)	2021-12-31	$56,187
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$2,816
2020 : TEC, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,172,503
Expenses. Total of all expenses incurred	2020-12-31	$727,454
Benefits paid (including direct rollovers)	2020-12-31	$727,454
Total plan assets at end of year	2020-12-31	$3,350,081
Total plan assets at beginning of year	2020-12-31	$2,905,032
Value of fidelity bond covering the plan	2020-12-31	$350,000
Total contributions received or receivable from participants	2020-12-31	$135,935
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$994,855
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$445,049
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,350,081
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,905,032
Assets. Value of participant loans	2020-12-31	$69,793
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$41,713
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$0

Form 5500 Responses for TEC, INC. 401(K) PLAN

2022: TEC, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: TEC, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: TEC, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAPB2KL8P

Policy instance

Insurance contract or identification number	GAPB2KL8P
Number of Individuals Covered	0
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $742
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $742
Amount paid for insurance broker fees	0

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	TEC, INC
Employer identification number (EIN):	341403872
NAIC Classification:	541330
NAIC Description:	Engineering Services

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:	1973-02-21
Company Identification Number:	510347