Plan Snapshot
- Plan Sponsor: Spectrum Control, INC.
- Sponsor EIN: 251196447
- Sponsor Address: 1900 W COLLEGE AVE, STATE COLLEGE, PA, 16801
- Plan Type: 401(k)
- Total Participants: 701
- Total Assets: $75.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 701 | $75.0M | $1.8M | $4.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $227,376 | — | $227,376 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $110,844 | — | $110,844 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $13,662 | — | $13,662 |
| WARREN AVERETT CPAS AND ADVISORS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $351,882
- Estimated Expense Ratio: 0.469% 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 |
|---|---|---|---|---|---|
| 2023 | $175,941 | $62,253 | — | — | — |