# Simco Electronics 401(k) Plan
Source: https://planprovider.pro/companies/simco-electronics-401k-plan

> Simco Electronics's 401(k) plan: 320 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| ADP, INC.|RECORD KEEPER|$72,287|—|$72,287|

| ABBOTT, STRINGHAM & LYNCH|ACCOUNTANT|$14,000|—|$14,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $86,287

- **Estimated Expense Ratio:** 0.322% 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|$136,354|$14,000|—|—|—|

| 2023|$77,556|$14,000|—|—|—|

| 2022|$88,073|—|—|—|—|

## Similar Plans

- [Ernie Ball, INC.](https://planprovider.pro/companies/ernie-ball-inc-401k-plan) — 532 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/simco-electronics-401k-plan)

© 2026 PlanProvider.Pro