# Sears Contract, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sears-contract-inc-401k-plan

> Sears Contract, INC.'s 401(k) plan: 163 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sears Contract, INC.

- **Sponsor EIN:** 561909919

- **Sponsor Address:** P.O. BOX 33429, RALEIGH, NC, 276363429

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

- **Total Participants:** 163

- **Total Assets:** $9.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

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

| 2024|163|$9.3M|$399,618|$496,783|

| 2023|162|$7.7M|$347,083|$462,107|

| 2022|132|$6.1M|$268,102|$414,731|

## 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|

| GORDON ASSET MANAGEMENT|INVESTMENT ADVISOR|$24,591|—|$24,591|

| MELISSA G. CRITCHER, CPA PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GORDON ASSET MANAGEMENT](https://planprovider.pro/provider/gordon-asset-management-llc) — INVESTMENT ADVISOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $24,591

- **Estimated Expense Ratio:** 0.265% 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|$29,963|$24,591|—|—|—|

| 2023|$24,234|$20,150|$2,351|—|—|

| 2022|$24,007|$20,261|$2,806|—|—|

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