Plan Snapshot
- Plan Sponsor: Spencer Industries, INC.
- Sponsor EIN: 351504846
- Sponsor Address: 902 BUFFALOVILLE ROAD, DALE, IN, 47523
- Plan Type: 401(k)
- Total Participants: 209
- Total Assets: $21.0M
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 | 209 | $21.0M | $609,003 | $922,039 |
| 2023 | 207 | $18.8M | $540,774 | $740,014 |
| 2022 | 200 | $16.2M | $475,826 | $745,280 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $17,020 | — | $17,020 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,020
- Estimated Expense Ratio: 0.081% 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 | $27,627 | $1,855 | — | $17,020 | — |
| 2023 | $81,974 | $24,846 | $6,182 | $11,865 | — |
| 2022 | $74,342 | $14,560 | $44,852 | — | $14,930 |