Sechan Electronics, Inc. Group Health 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. Group Health Plan is a benefit plan reported by Sechan Electronics, Inc. under EIN 23-2336672 and plan number 502. The latest loaded filing year is 2023. The filing reports 299 participants and $2,454,673 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
- 502
- Plan type
- 2
- Location
- Lititz, PA
- Latest filing year
- 2023
- Participants
- 299
- End-of-year plan assets
- $2,454,673
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 299 | H, C | 20241011161848NAL0022308721001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,454,673
- Total liabilities (EOY)
- $521,543
- Net assets (EOY)
- $1,933,130
- Net assets (BOY)
- $1,492,029
Income & contributions
- Employer contributions
- $4,430,564
- Participant contributions
- $264,738
- Total contributions
- $4,695,302
- Total income / additions
- $4,807,703
Expenses & distributions
- Benefits paid
- $4,355,152
- Administrative expenses
- $11,450
- Total expenses
- $4,366,602
- Net increase / (decrease)
- $441,101
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mcconkey Benefits & Financial Serv | BROKER | $76,285 | not reported in the loaded dataset | 2023 |
| Benefitmall | ADMIN | $18,750 | not reported in the loaded dataset | 2023 |
| The Benecon Group | BROKER | $5,531 | not reported in the loaded dataset | 2023 |
| Highmark | ADMIN | -$90,015 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sechan Electronics, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Lititz, PA
- Mcconkey Benefits & Financial Serv — Schedule C compensation
- Benefitmall — Schedule C compensation
- The Benecon Group — Schedule C compensation
- Highmark — Schedule C compensation