401(k) · DOL Form 5500 · 2024

Technic, Inc. 401(k) Plan

Data updated 2026-08-25

$73M
Total assets Below avg plan size: 311
Participants Below avg headcount: 88th
Percentile by assets National rank: $236,298
Avg per participant Above avg balance/head

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Official DOL plan name: Technic, Inc. 401(k) Plan · Sponsored by Technic, Inc. · Rhode Island · Manufacturing

$73M in assets, 311 participants

Technic, Inc.'s Technic, Inc. 401(k) Plan reported $73M in total assets and 311 participants in its 2024 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

#14,667 in Manufacturing (17,777 peers)

Coverage in Rhode Island

Technic, Inc. 401(k) Plan covers 311 participants in Rhode Island, about 21% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $73M.

#14,667
in Manufacturing (17,777 peers): +4.9%
assets growth YoY: 0.7×
vs typical plan assets (national mean)

Technic, Inc. 401(k) Plan's outsized position by total assets

Technic, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$73,488,581 Top 12% higher than 88% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Technic, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Technic, Inc. 401(k) Plan sits mid-pack in the medium band (311 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Technic, Inc. 401(k) Plan reported net income fell from $10M in the plan year 2023 filing to $3M in the plan year 2024 filing.
Technic, Inc. 401(k) Plan end-of-year assets rose from $70M in the plan year 2023 filing to $73M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 050243761 · Technic, Inc. PY 2024 · 401(k)

Technic, Inc. 401(k) Plan · $73M · 311 · 88th

TYPE $73M
TYPE 311
TYPE 88th
TYPE 401(k)
TYPE near Phalcon, Ltd. 401(k) Plan
TYPE ind #14667

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Rhode Island →

End-of-year total assets ($M) among Technic, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Rhode Island filing particulars

Total Assets (Beginning of Year)	$70M
Net Assets (End of Year)	$73M
Net Income	$3M
Employer EIN	050243761
Plan Effective Date	1988-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Technic, Inc.)

Latest sponsor-wide plan assets: $73M 22.822964784677442% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	296	$60M
2023	1	308	$70M
2024	1	311	$73M

Nearby 401(k) Plans in Rhode Island

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Technic, Inc. 401(k) Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

CVS Health Future Fund 401(k) Plan $30.1B · 240,493
Textron Savings Plan $6.1B · 26,609
Cfg Retirement Savings Plan $3.2B · 17,893
Unfi 401(k) Plan $2.8B · 26,416
Factory Mutual Insurance Company 401(k) Savings Plan $1.9B · 4,005

Compare Technic, Inc. 401(k) Plan side-by-side with 3 peers →

Technic, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Rhode Island, the nearest 401(k) by assets is Phalcon, Ltd. 401(k) Plan in CT ($73M); by covered participants it is Syscom, Inc. 401(k) Plan in CO (311 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($73M here).

Phalcon, Ltd. 401(k) Plan (CT) $73M · 258
Brewer Science, Inc. 401(k) Plan (MO) $74M · 385
Covenant Care 401(k) Plan (CA) $73M · 4,295
Maxlinear, Inc. 401(k) Profit Sharing Plan (CA) $73M · 415

Similar participant headcount

Nearest other-state filings by covered participants (311 participants); asset peers above are excluded.

Syscom, Inc. 401(k) Plan (CO) 311 · 0 off
La Jolla Institute for Immunology Retirement Savings Plan (CA) 311 · 0 off
Grant Aviation, Inc. 401(k) Profit Sharing Plan (AK) 311 · 0 off
Coleman Oil Company 401(k) Plan (ID) 311 · 0 off

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Technic, Inc. 401(k) Plan assets move in 2024? ▼

Technic, Inc. 401(k) Plan edged up modestly - up 4.9% during 2024, from $70M to $73M. Reported net income was $3M.

How have Technic, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Technic, Inc.'s sponsor-wide assets grew 22.8%, from $60M to $73M.

Where does Technic, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼

Technic, Inc. 401(k) Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to Technic, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Phalcon, Ltd. 401(k) Plan in CT ($73M, 258 participants).

Which 401(k) plans cover a similar participant headcount to Technic, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Syscom, Inc. 401(k) Plan in CO (311 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 050243761.