Plan Snapshot
- Plan Sponsor: Systems Engineering, INC.
- Sponsor EIN: 010462643
- Sponsor Address: 120 EXCHANGE ST., PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 191
- Total Assets: $21.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 191 | $21.5M | $413,535 | $1.2M |
| 2023 | 179 | $19.1M | $371,284 | $1.1M |
| 2022 | 176 | $16.1M | $422,259 | $1.2M |
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 |
|---|---|---|---|---|
| CHARLES SCHWAB TRUST BANK | NONE | — | $8,896 | $8,896 |
| ALBIN, RANDALL, & BENNETT, CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,896
- Estimated Expense Ratio: 0.041% 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 | $3,585 | — | — | — | — |
| 2023 | $2,925 | — | — | — | — |
| 2022 | $4,160 | — | — | — | — |