Sectek, Inc. Employee Stock Ownership Plan — Form 5500 plan (Sectek, 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, Sectek, Inc. Employee Stock Ownership Plan is a benefit plan reported by Sectek, Inc. under EIN 34-1726791 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,501 participants and $1,051,296 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$1.1MPlan net assets, end of year$1,050,310
Participants1.5KCovered participants reported1,501
Assets / participant$700Computed: assets ÷ participants$700 (computed)
Provider compensation$6.2K1 Schedule C provider row(s)$6,240
- Plan sponsor
- Sectek, Inc.
- EIN
- 34-1726791
- Plan number
- 003
- Plan type
- 2
- Location
- Tysons, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,501 | H, C | 20241010074712NAL0039444258001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$1.1M total assets
Net assets$1.1MLiabilities$986
Full reported line items
Net assets
- Total assets (EOY)
- $1,051,296
- Total liabilities (EOY)
- $986
- Net assets (EOY)
- $1,050,310
- Net assets (BOY)
- $1,049,760
Income & contributions
- Employer contributions
- $49,787
- Total contributions
- $49,787
- Total income / additions
- $51,100
Expenses & distributions
- Benefits paid
- $44,310
- Administrative expenses
- $6,240
- Total expenses
- $50,550
- Net increase / (decrease)
- $550
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income87%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transition Finance Strategies, LLC | NONE | $6,240 | not reported in the loaded dataset | 2023 |