Plan Snapshot
- Plan Sponsor: Spectrum Industries, INC.
- Sponsor EIN: 391094074
- Sponsor Address: 1500 W RIVER STREET, CHIPPEWA FALLS, WI, 54729
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $15.6M
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 | 163 | $15.6M | $103,394 | $840,948 |
| 2023 | 174 | $14.6M | $94,834 | $801,691 |
| 2022 | 161 | $12.9M | $92,868 | $784,538 |
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 ADVISORY GROUP, LLC | Investment Advisor | $6,330 | — | $6,330 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,330
- Estimated Expense Ratio: 0.041% 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 | $10,860 | $10,860 | — | — | — |
| 2023 | $8,803 | $8,803 | — | — | — |
| 2022 | $8,765 | $8,765 | — | — | — |