# Sechan Electronics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/sechan-electronics-inc-232336672-502

> Sechan Electronics, INC.'s 401(k) plan: 269 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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