Plan Ledger DOL Form 5500 · updated monthly

Spectrum Solutions, Inc.401(k)

SPECTRUM SOLUTIONS, INC. 401(K) PLAN · MADISON, AL · plan year 2024

Reported admin expense ratio · 2024
0.50%

Spectrum Solutions, Inc. reported $58,277 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.46% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 407th-largest of 902 plans among Alabama employers on file, and 7,299th of 11,654 in professional & technical services. active participation has grown from 113 to 167 since 2022.

Plan summary
Net assets, end of year$12,299,554
Participants with balances165
Active participants167
Employer contributions—
Employee contributions$908,106
Employer contribution per active participant—
Average account balance$74,543
Benefits paid to participants$1,140,956
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 165 accts
2023$11.1M · 138 accts
2022$9.5M · 125 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,407
Investment management$53,870
Total administrative$58,277
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FCG INVESTMENT COMPANY · Investment advisory (participants) · Investment advisory (plan)$40,933
PCS RETIREMENT$12,937

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$58,277 · 0.50%
2023$50,866 · 0.50%
2022$46,774 · 0.46%
All plans at this employer2
SPECTRUM SOLUTIONS, INC. 401(K) PLAN401(k)
SPECTRUM SOLUTIONS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Alabama
Beshenich Muir & Associates AL$14.1M · 0.26%
Nmr Consulting, Inc. AL$13.7M · 0.30%
Interfuze Corporation AL$12.8M · 0.24%
Martin Advertising, Inc. AL$12.6M · 0.24%
Victory Solutions, Inc. AL$12.2M · 0.04%
Theranest, LLC AL$11.9M · 0.99%
Tidwell Group, LLC AL$11.6M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631277338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.