Tecomet 401(k) Plan: Login, Facts & Contact Information
Tecomet 401(k) Login
320 former Tecomet employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2023 filing.
Tecomet 401(k) Plan Facts
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 14, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $11.6 million went into the plan in contributions, $3.61 million of it from the employer (31%).
- $20.5 million was paid out to participants.
- Investment and other income added $19.1 million.
- Administrative expenses were $534,570, about $322 per account.
How the Tecomet 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 3,236 | $105.4 million | $3.52 million | $6.71 million |
| 2019 | 3,733 | $128.1 million | $3.52 million | $10.0 million |
| 2020 | 3,928 | $140.7 million | $3.50 million | $14.6 million |
| 2021 | 4,072 | $151.7 million | $3.28 million | $18.4 million |
| 2022 | 3,262 | $123.7 million | $3.39 million | $14.9 million |
| 2023 | 3,304 | $133.4 million | $3.61 million | $20.5 million |
Tecomet 401(k) Contact Information
Questions about the Tecomet 401(k)
Does Tecomet contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $3.61 million, 31% of all contributions.
Does the Tecomet 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Tecomet 401(k) plan?
3,304 participants at the start of plan year 2023, 2,211 of them active employees, and 320 former employees who still had money in the plan.
What is the average 401(k) balance at Tecomet?
About $80,289 per account: $133.4 million in plan assets across 1,661 accounts with a balance at the end of plan year 2023.
Who manages the Tecomet 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Tecomet. How do I access my 401(k)?
Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.