Sectek, Inc. 401(k) Review & Grade
Sectek Savings and Retirement Plan
Tysons, VAAdministrative, Support & Staffing Services661 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$58Employer $ per active participant
$398Employee $ saved per active participant
0.93%Direct admin cost, % of plan assets
$4.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 8th |
| Employee saving | 16th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sectek put in about $58 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.93% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $38,563 |
| Participant (employee) contributions | $263,262 |
| Other contributions (incl. rollovers in) | $2,194 |
| Administrative expenses paid from the plan | $41,515 |
| Contract administrator fees | $30,917 |
| Benefits paid out | $325,032 |
| Net assets, start / end of year | $4.3M / $4.7M |
| Active participants, start / end of year | 673 / 649 |
| Participants with account balances | 176 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $30,917 reported compensation |
| Kestra Advisory Services, LLC | $10,918 reported compensation |
| Sc& H Attest Services | $10,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111508NAL0001290435001, received 2025-10-14, EIN 34-1726791, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.