Plan Ledger DOL Form 5500 · updated monthly

Sectra, Inc.401(k)

SECTRA, INC. 401(K) PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Sectra, Inc. reported $61,243 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $4,642 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 3 years on file its reported administrative ratio has held roughly steady near 0.240%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 450th-largest of 1,106 plans among Connecticut employers on file, and the 4,372nd of 11,654 in professional & technical services. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 141 to 217 since 2022.

Plan summary
Net assets, end of year$28,121,500
Participants with balances235
Active participants217
Employer contributions$1,007,368
Employee contributions$2,244,002
Employer contribution per active participant$4,642
Average account balance$119,666
Benefits paid to participants$1,522,180
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 235 accts · $1.0M emplr
2023$22.9M · 208 accts · $551K emplr
2022$18.6M · 171 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,049
Investment management$36,194
Total administrative$61,243
The Sectra, Inc. 401(k) match · 2024
Employer contribution per active participant$4,642
Median for plans this size$2,416
2024$4,642 per active participant
2023$2,728 per active participant
2022$3,123 per active participant

Sectra, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
GFS WEALTH MGMT ADVISORS INC · Investment advisory (plan)$36,194
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,049

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$61,243 · 0.24%
2023$47,143 · 0.23%
2022$48,307 · 0.24%
Same employer
Similar plansProfessional & Technical Services · Connecticut
Squadron Capital LLC CT$27.5M · 0.66%
Pelli Clarke & Partners CT$27.2M · 0.37%
Logicsource, Inc. CT$27.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061473851 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.