Plan Ledger DOL Form 5500 · updated monthly

Scientific Components Corporation401(k)

SCIENTIFIC COMPONENTS 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Scientific Components Corporation reported $108,710 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,373 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.13% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,115th-largest of 5,648 plans among New York employers on file, and the 2,569th of 13,661 in manufacturing. In 2024, employees put in $3.15 for every $1.00 the employer contributed; active participation has grown from 534 to 595 since 2022.

Plan summary
Net assets, end of year$66,025,138
Participants with balances670
Active participants595
Employer contributions$1,411,779
Employee contributions$4,451,174
Employer contribution per active participant$2,373
Average account balance$98,545
Benefits paid to participants$3,086,375
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.0M · 670 accts · $1.4M emplr
2023$54.9M · 591 accts · $1.2M emplr
2022$41.1M · 565 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,710
Investment management$55,000
Total administrative$108,710
The Scientific Components Corporation 401(k) match · 2024
Employer contribution per active participant$2,373
Median for plans this size$3,635
2024$2,373 per active participant
2023$2,246 per active participant
2022$2,096 per active participant

Scientific Components Corporation's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
OLD SLIP REGISTERED INVEST ADVISOR · Investment advisory (plan)$55,000
JP MORGAN INVEST HOLDINGS LLC$53,710

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$108,710 · 0.18%
2023$94,876 · 0.20%
2022$57,224 · 0.13%
All plans at this employer2
MINI-CIRCUITS LAB PROFIT SHARING PLANProfit-sharing plan
SCIENTIFIC COMPONENTS 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · New York
Lidestri Foods, Inc. NY$66.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112161210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.