# Spencer Technologies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/spencer-technologies-inc-401k-plan

> Spencer Technologies, INC.'s 401(k) plan: 420 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Spencer Technologies, INC.

- **Sponsor EIN:** 050499679

- **Sponsor Address:** 10 TROTTER DR, MEDWAY, MA, 02053

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

- **Total Participants:** 420

- **Total Assets:** $10.0M

## 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.|

| 2023|420|$10.0M|$21,771|$893,719|

| 2022|371|$9.0M|$0|$786,910|

## 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|

| PFF O'CONNOR|Auditor|$11,700|—|$11,700|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $11,700

- **Estimated Expense Ratio:** 0.117% 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|

| 2023|$52,053|$40,353|—|$11,700|—|

| 2022|$30,694|—|$30,694|—|—|

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