# Systel Business Equipment, INC. 401(k) Plan
Source: https://planprovider.pro/companies/systel-business-equipment-inc-561313968-502

> Systel Business Equipment, INC.'s 401(k) plan: 261 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, INC.

- **Sponsor EIN:** 561313968

- **Sponsor Address:** PO BOX 35910, FAYETTEVILLE, NC, 28303

- **Plan Type:** 401(k)

- **Plan Number:** 502

- **Total Participants:** 261

- **Total Assets:** $0

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|261|$0|$0|$0|

| 2023|214|$0|$0|$0|

| 2022|212|$0|$0|$0|

## 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|

| BLUE CROSS BLUE SHIELD OF NORTH CAR|Recordkeeper|$83,659|—|$83,659|

| TRIANGLE RISK ADVISORS|Other Service Provider|$21,600|—|$21,600|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $105,259

### 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|—|—|—|—|—|

| 2023|—|—|—|—|—|

| 2022|—|—|—|—|—|

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