Plan Snapshot
- Plan Sponsor: Spectrum Laboratory Products, INC.
- Sponsor EIN: 952750225
- Sponsor Address: 769 JERSEY AVENUE, NEW BRUNSWICK, NJ, 08901
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $21.7M
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 | 207 | $21.7M | $783,903 | $1.1M |
| 2023 | 175 | $17.8M | $638,840 | $1.1M |
| 2022 | 193 | $16.6M | $400,475 | $1.0M |
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 |
|---|---|---|---|---|
| LUCAS, HORSFALL,MURPHY & PINDRO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUCAS, HORSFALL,MURPHY & PINDRO LLP — Auditor
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 | $83,509 | — | $83,509 | — | — |
| 2023 | $73,517 | $38,915 | $34,602 | — | — |
| 2022 | $74,292 | $41,345 | $32,947 | — | — |