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THE SPECTRUM NETWORK RETIREMENT PLAN 401k Plan overview

Plan NameTHE SPECTRUM NETWORK RETIREMENT PLAN
Plan identification number 002

THE SPECTRUM NETWORK RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SPECTRUM INDUSTRIES has sponsored the creation of one or more 401k plans.

Company Name:SPECTRUM INDUSTRIES
Employer identification number (EIN):421232860
NAIC Classification:624310
NAIC Description:Vocational Rehabilitation Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SPECTRUM NETWORK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01BRIAN SVESTKA2024-07-23
0022022-01-01BRIAN SVESTKA2023-10-13
0022021-01-01TERESA GEHLING2022-05-24
0022020-01-01TERESA GEHLING2021-08-25
0022019-01-01TERESA GEHLING2021-09-17
0022018-01-01JEAN BARNESS2019-07-18
0022017-01-01LILLA DOMNENKO2018-05-29
0022016-01-01LILLA DOMNENKO2017-07-27
0022015-01-01LILLA DOMNENKO2016-06-20
0022014-01-01LILIA DOMNENKO
0022014-01-01LILIA DOMNENKO2016-03-15
0022013-01-01DEBRA A SCHOTT2014-07-31
0022012-01-01DEBRA A SCHOTT2013-05-28 DEBRA A SCHOTT2013-05-28
0022011-01-01DEBRA SCHOTT2012-07-27
0022010-01-01TEUNISJE VAN BOORD SMITH2011-07-28 TEUNISJE VAN BOORD SMITH2011-07-28

Plan Statistics for THE SPECTRUM NETWORK RETIREMENT PLAN

401k plan membership statisitcs for THE SPECTRUM NETWORK RETIREMENT PLAN

Measure Date Value
2014: THE SPECTRUM NETWORK RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01124
Total number of active participants reported on line 7a of the Form 55002014-01-01112
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0127
Total of all active and inactive participants2014-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01139
Number of participants with account balances2014-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012

Financial Data on THE SPECTRUM NETWORK RETIREMENT PLAN

Measure Date Value
2014 : THE SPECTRUM NETWORK RETIREMENT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$66,661
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$19,722
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$16,344
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$49,206
Value of total assets at end of year2014-12-31$305,240
Value of total assets at beginning of year2014-12-31$258,301
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,378
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$6,321
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$6,321
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$26,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$18,015
Administrative expenses (other) incurred2014-12-31$3,378
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$46,939
Value of net assets at end of year (total assets less liabilities)2014-12-31$305,240
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$258,301
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$209,539
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$258,301
Value of interest in common/collective trusts at end of year2014-12-31$95,701
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$9,494
Net investment gain or loss from common/collective trusts2014-12-31$1,640
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$31,191
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$16,344
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer

Form 5500 Responses for THE SPECTRUM NETWORK RETIREMENT PLAN

2014: THE SPECTRUM NETWORK RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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