Scientific Components Corporation 401(k) Review & Grade
Scientific Components 401(k) Plan
Brooklyn, NYManufacturing574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,457Employer $ per active participant
$7,748Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$66.0MNet plan assets, end of year
$98,545Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 58th |
| Employee saving | 79th |
| Peers that auto-enroll | 59% |
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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
- Scientific Components put in about $2,457 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,411,779 |
| Participant (employee) contributions | $4,451,174 |
| Other contributions (incl. rollovers in) | $151,151 |
| Administrative expenses paid from the plan | $108,710 |
| Investment advisory & management fees | $55,000 |
| Benefits paid out | $3,086,375 |
| Net assets, start / end of year | $54.9M / $66.0M |
| Active participants, start / end of year | 554 / 595 |
| Participants with account balances | 670 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Old Slip Registered Invest Advisor | $55,000 reported compensation |
| JP Morgan Invest Holdings LLC | $53,710 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134521NAL0002512771001, received 2025-10-15, EIN 11-2161210, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.