2023 Form 5500 filing — Sechan Electronics, Inc. 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008124913NAL0009654467001) for Sechan Electronics, Inc. 401(K) Profit Sharing Plan, reported by Sechan Electronics, Inc. under EIN 23-2336672 and plan number 001. It reports 413 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008124913NAL0009654467001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sechan Electronics, Inc.
- EIN
- 23-2336672
- Plan number
- 001
- Location
- Lititz, PA
- Participants
- 413
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,257,565
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,257,565
- Employer contributions
- $179,804
- Participant contributions
- $1,173,391
- Total income / additions
- $4,610,124
- Benefits paid
- $4,022,021
- Administrative expenses
- $116,567
- Total expenses
- $4,168,689
- Net increase / (decrease)
- $441,435
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pcs Retirement | CONTRACT ADMINISTRATOR | $71,384 | not reported in the loaded dataset |
| Northeast Financial Group, Inc. | FINANCIAL ADVISOR | $45,183 | not reported in the loaded dataset |