Spectrum Control, Inc. 401(k) Plan: Login, Facts & Contact Information

Spectrum Control, Inc. 401(k) Plan Facts

Plan name
SPECTRUM CONTROL, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SPECTRUM CONTROL, INC.
Participants
1,137 (701 active employees)
Former employees with a balance
295
Plan assets
$75,008,328 at Dec 31, 2023
Average account balance
$78,790 across 952 accounts
Employer contributions
$1,764,878 in plan year 2023 (28% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1998
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 2, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $6.38 million went into the plan in contributions, $1.76 million of it from the employer (28%).
  • $10.2 million was paid out to participants.
  • Investment and other income added $10.7 million.
  • Administrative expenses were $175,941, about $185 per account.

Spectrum Control, Inc. 401(k) Contact Information

Phone
814-272-2713
Mailing address
1900 W COLLEGE AVE, STATE COLLEGE PA 16801
Plan sponsor
SPECTRUM CONTROL, INC.
Employer identification number (EIN)
25-1196447
Plan number
001

Questions about the Spectrum Control, Inc. 401(k)

Does Spectrum Control, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $1.76 million, 28% of all contributions.

Does the Spectrum Control, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Spectrum Control, Inc 401(k) plan?

1,137 participants at the start of plan year 2023, 701 of them active employees, and 295 former employees who still had money in the plan.

What is the average 401(k) balance at Spectrum Control, Inc?

About $78,790 per account: $75.0 million in plan assets across 952 accounts with a balance at the end of plan year 2023.

Who manages the Spectrum Control, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Spectrum Control, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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