Plan5500

Sechan Electronics, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Sechan Electronics, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sechan Electronics, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Sechan Electronics, Inc. under EIN 23-2336672 and plan number 001. The latest loaded filing year is 2023. The filing reports 413 participants and $21,257,565 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Sechan Electronics, Inc.
EIN
23-2336672
Plan number
001
Plan type
2
Location
Lititz, PA
Latest filing year
2023
Participants
413
End-of-year plan assets
$21,257,565

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023413H, C20241008124913NAL0009654467001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$21,257,565
Total liabilities (EOY)
$0
Net assets (EOY)
$21,257,565
Net assets (BOY)
$20,816,130

Income & contributions

Employer contributions
$179,804
Participant contributions
$1,173,391
Total contributions
$1,653,271
Total income / additions
$4,610,124

Expenses & distributions

Benefits paid
$4,022,021
Administrative expenses
$116,567
Total expenses
$4,168,689
Net increase / (decrease)
$441,435

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Pcs RetirementCONTRACT ADMINISTRATOR$71,384not reported in the loaded dataset2023
Northeast Financial Group, Inc.FINANCIAL ADVISOR$45,183not reported in the loaded dataset2023

Related Form 5500 pages