Spencer Technologies, Inc. 401(k) Plan: Login, Facts & Contact Information

Spencer Technologies, Inc. 401(k) Plan Facts

Plan name
SPENCER TECHNOLOGIES, INC. 401(K) AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SPENCER TECHNOLOGIES, INC.
Participants
527 (420 active employees)
Former employees with a balance
3
Plan assets
$9,958,347 at Dec 31, 2023
Average account balance
$16,406 across 607 accounts
Employer contributions
$21,771 in plan year 2023 (2% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Oct 1, 1995
✓ 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 Feb 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $1.07 million went into the plan in contributions, $21,771 of it from the employer (2%).
  • $1.57 million was paid out to participants.
  • Investment and other income added $1.48 million.
  • Administrative expenses were $52,053, about $86 per account.

How the Spencer Technologies, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018479$6.61 million$0$499,672
2019499$8.84 million$0$595,739
2020575$10.1 million$0$582,502
2021517$11.3 million$0$1.37 million
2022564$9.04 million$0$1.35 million
2023527$9.96 million$21,771$1.57 million

Spencer Technologies, Inc. 401(k) Contact Information

Phone
508-635-2107
Mailing address
10 TROTTER DR, MEDWAY MA 02053
Plan sponsor
SPENCER TECHNOLOGIES, INC.
Employer identification number (EIN)
05-0499679
Plan number
002

Questions about the Spencer Technologies, Inc. 401(k)

Does Spencer Technologies, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $21,771, 2% of all contributions.

Does the Spencer Technologies, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Spencer Technologies, Inc 401(k) plan?

527 participants at the start of plan year 2023, 420 of them active employees, and 3 former employees who still had money in the plan.

What is the average 401(k) balance at Spencer Technologies, Inc?

About $16,406 per account: $9.96 million in plan assets across 607 accounts with a balance at the end of plan year 2023.

Who manages the Spencer Technologies, 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 Spencer Technologies, 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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