Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Spectrum Medical, Inc. Profit Sharing Retirement Plan is a benefit plan reported by Spectrum Medical, Inc. under EIN 54-0883143 and plan number 001. The latest loaded filing year is 2023. The filing reports 129 participants and $10,470,696 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,470,696
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,470,696
- Net assets (BOY)
- $11,369,283
Income & contributions
- Employer contributions
- $569,680
- Participant contributions
- $459,449
- Total contributions
- $1,029,129
- Total income / additions
- $3,348,115
Expenses & distributions
- Benefits paid
- $4,226,577
- Administrative expenses
- $20,125
- Total expenses
- $4,246,702
- Net increase / (decrease)
- -$898,587