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

> Sechan Electronics, INC.'s 401(k) plan: 329 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)

- **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](https://planprovider.pro/provider/pcs-retirement-llc) — CONTRACT ADMINISTRATOR

- [NORTHEAST FINANCIAL GROUP, INC.](https://planprovider.pro/provider/northeast-financial-group-inc) — FINANCIAL ADVISOR

- [WESSEL & COMPANY](https://planprovider.pro/provider/wessel-and-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|—|—|

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