Banking Spectrum INC. 401(k) Plan

Form 5500 filing data for plan year 2024.

Plan Snapshot

  • Plan Sponsor: Banking Spectrum INC.
  • Sponsor EIN: 133195570
  • Sponsor Address: 1595 LEXINGTON AVENUE, NEW YORK, NY, 10029
  • Plan Type: 401(k)
  • Total Participants: 2
  • Total Assets: $3.2M

Key Plan Design Features

  • Auto-Enrollment: Yes
  • Auto-Escalation: No
  • Allows Roth Contributions: No
  • Participant Loans: No
  • Participant-Directed Investments: Yes
  • ERISA Section 404(c) Fiduciary Safe Harbor: Yes

Plan Financials by Year

YearParticipantsTotal AssetsEmployer Contrib.Employee Contrib.
20242$3.2M$0$36,398
20232$2.7M$0$21,153
20222$2.2M$0$24,363

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