Simmcon Systems 401(k) match, vesting and fees
What Simmcon Systems' 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 | Principal Life Insurance Company | Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 74,438 defined-contribution plans in construction with fewer than 100 participants.
| Simmcon Systems: employer contribution per participant | $758 | |
| Peer median | $2,171 |
| Simmcon Systems: average balance | $100,617 | |
| Peer median | $50,460 |
| Simmcon Systems: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.50% |
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 $973K at the end of plan year 2021 to $1.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 14 | $1.2M | $9,098 | $758 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 19 | $1.2M | $13K | $932 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 26 | $1000K | $14K | $949 | 0.20% | Not published | Form 5500 ↗ |
| 2021 | 20 | $973K | $13K | $889 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Simmcon Systems match 401(k) contributions?
The match terms for the Simmcon Systems, Inc. 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $9,098 in employer contributions, about $758 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Simmcon Systems 401(k) match vested?
The vesting schedule for the Simmcon Systems, Inc. 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Simmcon Systems 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Simmcon Systems, Inc..
I left Simmcon Systems. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Simmcon Systems, Inc., (717) 636-5386) or the recordkeeper, Principal Life Insurance Company. The Simmcon Systems old 401(k) page lists the contacts from every plan filing. Find an old Simmcon Systems 401(k)
Data from the public Form 5500 annual reports Simmcon Systems 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 Simmcon Systems. Not financial advice. Report a correction · Methodology