Plan Snapshot
- Plan Sponsor: Sechan Electronics, INC.
- Sponsor EIN: 232336672
- Sponsor Address: 525 FURNACE HILLS PIKE, LITITZ, PA, 17543
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 269
- Total Assets: $2.1M
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 | 269 | $2.1M | $4.1M | $273,908 |
| 2023 | 288 | $2.5M | $4.4M | $264,738 |
| 2022 | 299 | $2.0M | $3.6M | $242,278 |
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 |
|---|---|---|---|---|
| MCCONKEY BENEFITS & FINANCIAL SERV | Investment Advisor | $82,696 | — | $82,696 |
| BENEFITMALL | Other Service Provider | $21,258 | — | $21,258 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,954
- Estimated Expense Ratio: 4.971% 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 | -$31,158 | — | -$32,058 | — | — |
| 2023 | $11,450 | — | $10,550 | — | — |
| 2022 | $11,318 | — | — | — | $11,318 |