Tech SystemsESOP
TECH SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BUFORD, GA · plan year 2024
Tech Systems's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $42,717,911 across 390 participant accounts, with employer contributions averaging $1,576 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 529th-largest of 2,160 plans among Georgia employers on file, and the 3,142nd of 11,654 in professional & technical services. In 2024, the employer put in $321.68 for every $1.00 employees contributed themselves; active participation has grown from 291 to 380 since 2022.
Tech Systems's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 581895929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.