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: 716
- Total Assets: $81.0M
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. |
|---|---|---|---|---|
| 2024 | 716 | $81.0M | $1.8M | $4.5M |
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 | RECORDKEEPER | $67,446 | — | $67,446 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $62,498 | — | $62,498 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,537 | — | $11,537 |
| WARREN AVERETT LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,481
- Estimated Expense Ratio: 0.175% 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 | $141,481 | $74,035 | — | — | — |