Tecnico CorporationESOP
TECNICO CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · CHESAPEAKE, VA · plan year 2023
Tecnico Corporation's 2023 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 $67,923,965 across 782 participant accounts, with employer contributions averaging $4,372 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 386th-largest of 2,266 plans among Virginia employers on file, and the 2,521st of 13,661 in manufacturing.
Tecnico Corporation's 2023 employer contribution ran above the $3,659 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 541571418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.