Plan Snapshot
- Plan Sponsor: Biospectra, INC.
- Sponsor EIN: 232842160
- Sponsor Address: 100 MAJESTIC WAY, BANGOR, PA, 18013
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $11.3M
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
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 173 | $11.3M | $899,326 | $697,773 |
| 2023 | 257 | $10.1M | $893,221 | $675,746 |
| 2022 | 226 | $7.1M | $811,156 | $572,412 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RILEY AND COMPANY, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $61,042 | — | $61,042 | — | — |
| 2023 | $30,129 | — | $30,129 | — | — |
| 2022 | $30,469 | — | $30,469 | — | — |