# Spectrum Medical, INC. 401(k) Plan
Source: https://planprovider.pro/companies/spectrum-medical-inc-401k-plan-001

> Spectrum Medical, INC.'s 401(k) plan: 88 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Spectrum Medical, INC.

- **Sponsor EIN:** 540883143

- **Sponsor Address:** 109 BRIDGE STREET SUITE 300, DANVILLE, VA, 24541

- **Plan Type:** 401(k)

- **Total Participants:** 88

- **Total Assets:** $10.5M

## 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|88|$10.5M|$0|$0|

| 2023|82|$11.4M|$0|$0|

## 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|

| HARRIS, HARVEY, NEAL & CO, LLP|Auditor|$16,475|—|$16,475|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HARRIS, HARVEY, NEAL & CO, LLP](https://planprovider.pro/provider/harris-harvey-neal-and-co-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $16,475

- **Estimated Expense Ratio:** 0.157% 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|$20,125|$1,850|$1,800|$16,475|—|

| 2023|$12,729|$879|$11,850|—|—|

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