Plan Snapshot
- Plan Sponsor: Sechan Electronics, INC.
- Sponsor EIN: 232336672
- Sponsor Address: 525 FURNACE HILLS PIKE, LITITZ, PA, 17543
- Plan Type: 401(k)
- Total Participants: 329
- Total Assets: $20.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 329 | $20.5M | $218,472 | $1.4M |
| 2023 | 291 | $21.3M | $179,804 | $1.2M |
| 2022 | 292 | $20.8M | $199,671 | $1.4M |
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 |
|---|---|---|---|---|
| PCS RETIREMENT | CONTRACT ADMINISTRATOR | $59,230 | — | $59,230 |
| NORTHEAST FINANCIAL GROUP, INC. | FINANCIAL ADVISOR | $43,203 | — | $43,203 |
| WESSEL & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PCS RETIREMENT — CONTRACT ADMINISTRATOR
- NORTHEAST FINANCIAL GROUP, INC. — FINANCIAL ADVISOR
- WESSEL & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,433
- Estimated Expense Ratio: 0.499% 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 | $110,036 | $43,203 | — | — | — |
| 2023 | $116,567 | $45,183 | $71,384 | — | — |
| 2022 | $93,318 | $58,792 | $34,526 | — | — |