Retirement plan

SPECTRA TECH, INC. 401(K) PLAN

Name: SPECTRA TECH, INC. - SPECTRA TECH, INC. 401(K) PLAN (2024) Form 5500
Creator: SPECTRA TECH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECTRA TECH, INC. 401(K) PLAN, SPECTRA TECH, INC.

SPECTRA TECH, INC.EIN 62-1620591Plan #001PY 2024

132 JEFFERSON COURT - OAK RIDGE, TN 37830865-483-7210spectratechinc.comLinkedIn201-500 employeesenvironmental services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.6M

+16.8% from 2023

Total participants

317

-1.6% from 2023

Average account balance

$50,300

+13.8% from 2023

Annual return

13.95%

-5.88 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.64M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$50K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

311

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$108

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP4 years Service code 12 · EIN 93-1253576	Custodial (other than securities); Re...	$33,196
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009	Securities Custodian	$5,589

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$33K

$161 / participant

Contract admin$33K100.0%

% of EOY assets

0.214%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINSTEAD TAX & ACCOUNTING, PLLC
Auditor EIN: 392561279
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,300

$101,672-50.5%

$147,117-65.8%

$74,478-32.5%

Participation rate

97.1%

75.5%+21.6pp

82.2%+14.9pp

67.2%+29.9pp

Annual return

13.95%

8757.83%-8743.9pp

420.54%-406.6pp

1370.56%-1356.6pp

Employer contribution / active EE

$4,397

$3,813+15.3%

$4,932-10.8%

$2,626+67.4%

Participant deferral / active EE

$9,777

$7,305+33.8%

$8,065+21.2%

$4,350+124.7%

Admin fee / account holder

$108

$1,753-93.9%

$12,993-99.2%

$1,946-94.5%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP4 years

Service code 12 · EIN 93-1253576

Custodial (other than securities); Re...

$33,196

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 42-1558009

Securities Custodian

$5,589

SPECTRA TECH, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECTRA TECH, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion