Plan Snapshot
- Plan Sponsor: Systel Business Equipment Co., INC.
- Sponsor EIN: 561313968
- Sponsor Address: 2604 FORT BRAGG ROAD, FAYETTEVILLE, NC, 28303
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $17.9M
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 | 218 | $17.9M | $137,132 | $795,142 |
| 2023 | 197 | $15.9M | $124,447 | $757,770 |
| 2022 | 193 | $13.6M | $109,715 | $701,376 |
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 |
|---|---|---|---|---|
| ANDERSON SMITH & WIKE PLLC | Auditor | — | — | $0 |
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 | $64,882 | $64,882 | — | — | — |
| 2023 | $45,515 | $45,515 | — | — | — |
| 2022 | $8,700 | $8,700 | — | — | — |