# Ortec, INC. 401(k) Plan
Source: https://planprovider.pro/companies/ortec-inc-570700660-501

> Ortec, INC.'s 401(k) plan: 274 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ortec, INC.

- **Sponsor EIN:** 570700660

- **Sponsor Address:** P.O. BOX 1469, EASLEY, SC, 29640

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 274

- **Total Assets:** $724,675

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|274|$724,675|$3.0M|$363,712|

| 2023|269|$719,939|$3.0M|$459,567|

| 2022|292|$698,927|$2.8M|$437,416|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WELLNET HEALTHCARE ADMINISTRATORS,|Other Service Provider|$146,594|—|$146,594|

| IMA FINANCIAL GROUP (ECM SOLUTIONS)|Investment Advisor|$72,842|—|$72,842|

| E. K. MCCONKEY & CO., INC.|Investment Advisor|$39,732|—|$39,732|

| THE BENECON GROUP, LLC|Investment Advisor|$39,732|—|$39,732|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $298,900

- **Estimated Expense Ratio:** 41.246% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$1,090,751|$79,464|$221,033|—|—|

| 2023|$1,070,693|$78,912|$284,516|—|—|

| 2022|$875,763|$73,932|$222,198|—|—|

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