Satco Products 401(k) match, vesting and fees
What Satco Products' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock New York | Schedule C ↗ |
| Independent auditor | Sax LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Satco Products: employer contribution per participant | $1,548 | |
| Peer median | $2,038 |
| Satco Products: average balance | $51,800 | |
| Peer median | $72,907 |
| Satco Products: admin expenses ÷ assets | 0.42% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $22.3M at the end of plan year 2021 to $26.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 524 | $26.8M | $802K | $1,548 | 0.42% | Not published | Form 5500 ↗ |
| 2023 | 442 | $25.1M | $746K | $1,688 | 0.41% | Not published | Form 5500 ↗ |
| 2022 | 449 | $21.5M | $706K | $1,571 | 0.47% | Not published | Form 5500 ↗ |
| 2021 | 444 | $22.3M | $682K | $1,543 | 0.50% | Not published | Form 5500 ↗ |
Other Satco Products plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Satco Products, Inc. Profit Sharing Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Sax LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Satco Products, Inc. Defined Benefit Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Satco Products match 401(k) contributions?
The match terms for the Satco Products, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $802K in employer contributions, about $1,548 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Satco Products 401(k) match vested?
The vesting schedule for the Satco Products, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Satco Products 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock New York. The plan administrator is Satco Products, Inc..
I left Satco Products. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Satco Products, Inc., (631) 243-2022) or the recordkeeper, John Hancock New York. The Satco Products old 401(k) page lists the contacts from every plan filing. Find an old Satco Products 401(k)
Data from the public Form 5500 annual reports Satco Products filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Satco Products. Not financial advice. Report a correction · Methodology