Plan Ledger DOL Form 5500 · updated monthly

Sekon Enterprise Inc401(k)

SEKON ENTERPRISE INC 401(K) PROFIT SHARING PLAN & TRUST · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Sekon Enterprise Inc reported $26,076 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $2,356 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 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,618th of 2,266), and 8,809th of 11,654 in professional & technical services. In 2024, employees put in $2.96 for every $1.00 the employer contributed; active participation has shrunk from 153 to 116 since 2022.

Plan summary
Net assets, end of year$7,654,752
Participants with balances249
Active participants116
Employer contributions$273,269
Employee contributions$807,870
Employer contribution per active participant$2,356
Average account balance$30,742
Benefits paid to participants$1,602,056
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $132K emplr
2024$7.7M · 249 accts · $273K emplr
2023$7.3M · 203 accts · $358K emplr
2022$6.6M · 194 accts · $402K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,904
Investment management$3,312
Trustee / custodial$860
Total administrative$26,076
The Sekon Enterprise Inc 401(k) match · 2024
Employer contribution per active participant$2,356
Median for plans this size$1,313
2024$2,356 per active participant
2023$2,518 per active participant
2022$2,630 per active participant

Sekon Enterprise Inc's 2024 employer contribution ran above the $1,313 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 · 20241
PAYCHEX, INC. · Recordkeeping$24,740

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

Recordkeeper by year3
2025Paychex
2024Paychex
2023Paychex

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Administrative cost history4
2025Not separately reported
2024$26,076 · 0.35%
2023$26,804 · 0.38%
2022$21,897 · 0.34%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 541817888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.