Plan Snapshot
- Plan Sponsor: Simco Electronics
- Sponsor EIN: 941617912
- Sponsor Address: 3131 JAY STREET STE. 100, SANTA CLARA, CA, 95054
- Plan Type: 401(k)
- Total Participants: 320
- Total Assets: $26.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 320 | $26.8M | $154,955 | $1.8M |
| 2023 | 325 | $26.2M | $192,121 | $1.7M |
| 2022 | 335 | $21.9M | $172,478 | $1.5M |
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 |
|---|---|---|---|---|
| ABBOTT STRINGHAM & LYNCH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ABBOTT STRINGHAM & LYNCH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $136,354 | $14,000 | — | — | — |
| 2023 | $77,556 | $14,000 | — | — | — |
| 2022 | $88,073 | — | — | — | — |