Plan Snapshot
- Plan Sponsor: Spectrum Comm, INC.
- Sponsor EIN: 582452461
- Sponsor Address: ONE BAYPORT WAY, NEWPORT NEWS, VA, 23606
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $17.0M
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 | 123 | $17.0M | $354,426 | $686,559 |
| 2023 | 111 | $16.3M | $345,550 | $800,111 |
| 2022 | 141 | $13.8M | $376,260 | $899,296 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $34,596 | — | $34,596 |
| RESOURCE 1 INC | ADVISOR | $32,641 | — | $32,641 |
| ADAMS, JENKINS & CHEATHAM, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,237
- Estimated Expense Ratio: 0.396% of plan assets
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 | $67,237 | $32,641 | — | — | — |
| 2023 | $62,838 | $28,862 | — | — | — |
| 2022 | $68,074 | — | — | — | — |