# Systel Business Equipment Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/systel-business-equipment-co-inc-401k-plan

> Systel Business Equipment Co., INC.'s 401(k) plan: 218 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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