Retirement plan

SPECTRA TECH. INC. 401(K) PLAN

Name: SPECTRA TECH. INC. - SPECTRA TECH. INC. 401(K) PLAN (2020) 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 2020

132 JEFFERSON COURT - OAK RIDGE, TN 37830866-483-7210spectratechinc.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.2M

+21.3% from 2019

Total participants

214

-10.5% from 2019

Average account balance

$47,971

+33.2% from 2019

Annual return

16.71%

-5.47 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
RATHER & KITTRELL, INC.2 years Filed as: RATHER & KITTRELL CAPITAL MANAGEMEN Service code 27 · EIN 91-2046298	Advisory (Plan)	$45,015
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$15,279
PENPEK ACTUARIAL CONSULTING, INC2 years Service code 13 PO BOX 24553 · KNOXVILLE, TN 37933	Contract Administrator	$7,238

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$66K

$619 / participant

Investment mgmt$45K68.6%
Contract admin$7K11.0%
Other / not subdivided$13K20.4%

% of EOY assets

0.642%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HENDERSON HUTCHERSON & MCCULLOUCH P
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,971

$99,957-52.0%

$149,730-68.0%

$73,493-34.7%

Participation rate

99.1%

75.7%+23.4pp

82.5%+16.6pp

70.7%+28.4pp

Annual return

16.71%

53.87%-37.2pp

276.70%-260.0pp

28.51%-11.8pp

Employer contribution / active EE

$4,271

$3,191+33.8%

$4,645-8.1%

$2,270+88.2%

Participant deferral / active EE

$10,162

$6,073+67.3%

$6,843+48.5%

$3,740+171.7%

Admin fee / account holder

$308

$551-44.0%

$9,310-96.7%

$513-39.9%

Provider

Service type

Compensation

RATHER & KITTRELL, INC.2 years

Filed as: RATHER & KITTRELL CAPITAL MANAGEMEN

Service code 27 · EIN 91-2046298

Advisory (Plan)

$45,015

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$15,279

PENPEK ACTUARIAL CONSULTING, INC2 years

Service code 13

PO BOX 24553 · KNOXVILLE, TN 37933

Contract Administrator

$7,238

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