2023 Form 5500 filing — Sechan Electronics, Inc. Group Health 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 20241011161848NAL0022308721001) for Sechan Electronics, Inc. Group Health Plan, reported by Sechan Electronics, Inc. under EIN 23-2336672 and plan number 502. It reports 299 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011161848NAL0022308721001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sechan Electronics, Inc.
- EIN
- 23-2336672
- Plan number
- 502
- Location
- Lititz, PA
- Participants
- 299
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,454,673
- Total liabilities (EOY)
- $521,543
- Net assets (EOY)
- $1,933,130
- Employer contributions
- $4,430,564
- Participant contributions
- $264,738
- Total income / additions
- $4,807,703
- Benefits paid
- $4,355,152
- Administrative expenses
- $11,450
- Total expenses
- $4,366,602
- Net increase / (decrease)
- $441,101
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mcconkey Benefits & Financial Serv | BROKER | $76,285 | not reported in the loaded dataset |
| Benefitmall | ADMIN | $18,750 | not reported in the loaded dataset |
| The Benecon Group | BROKER | $5,531 | not reported in the loaded dataset |
| Highmark | ADMIN | -$90,015 | not reported in the loaded dataset |