401(k) · DOL Form 5500 · 2023

Spectrum Medical, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
73
Participants Small participant base
51st
Percentile by assets National rank
$94,489
Avg per participant Below avg balance/head
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Official DOL plan name: Spectrum Medical 401(k) Plan · Sponsored by Spectrum Medical, Inc. · South Carolina · Wholesale Trade

$7M in assets, 73 participants

Spectrum Medical, Inc.'s Spectrum Medical 401(k) Plan reported $7M in total assets and 73 participants in its 2023 DOL Form 5500 filing, ranking in the 51st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,555 in Wholesale Trade (6,309 peers)

Spectrum Medical, Inc. multi-year trail

Spectrum Medical, Inc.'s plans moved +84.8% in assets from 2022 to 2024; this filing shows Spectrum Medical 401(k) Plan at $7M / 73 participants.

#2,555
in Wholesale Trade (6,309 peers)
+44.0%
assets growth YoY

Spectrum Medical 401(k) Plan's mid-pack asset rank among Wholesale Trade and all filers

Spectrum Medical 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,897,711 Top 49% higher than 51% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Spectrum Medical 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spectrum Medical 401(k) Plan is a small filing (73 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spectrum Medical 401(k) Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Spectrum Medical 401(k) Plan end-of-year assets rose from $5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Spectrum Medical 401(k) Plan reported participants rose from 58 in the plan year 2022 filing to 73 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 208208460 · Spectrum Medical, Inc. PY 2023 · 401(k)

Spectrum Medical 401(k) Plan · $7M · 73 · 51st

  • VS-ST $7M
  • BOY 73
  • SCH 51st
  • EBSA 401(k)
  • PART near Kings & Convicts 401(k) Plan
  • TYPE ind #2555

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in South Carolina →

Spectrum Medical 401(k) Plan in the asset neighbourhood

Spectrum Medical 401(k) Plan$7MKings & Convicts 401(k) Plan$7MCloud Network Technology USA, Inc. 401(k) PlanCloud Network Technology USA…$7MMedical Teams International 401(k) Retirement PlanMedical Teams International …$7MPipes & Shaw LLC 401(k) Plan$7M
End-of-year total assets ($M) among Spectrum Medical 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Spectrum Medical, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Spectrum Medical, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 84.80286955368878% vs 2022
2024 filing year
$4M$6M$8M$10M 202220232024 $4.79M $8.85M ▲ +84.8%
Year Plans Participants Total Assets
2022 1 58 $5M
2023 1 73 $7M
2024 1 91 $9M

Spectrum Medical, Inc. filing trail (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$7M
Net Income$2M
Employer EIN208208460
Plan Effective Date2013-07-25
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Spectrum Medical 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Spectrum Medical 401(k) Plan, Total assets ($B): 0.006897711 · Participants: 73Spectrum Medical 401(k) PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Spectrum Medical 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants

Spectrum Medical 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Kings & Convicts 401(k) Plan in CA ($7M); by covered participants it is A Haven for Kids, Inc. Retirement Plan in OH (73 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Similar participant headcount

Nearest other-state filings by covered participants (73 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spectrum Medical 401(k) Plan assets move in 2023?
Spectrum Medical 401(k) Plan surged - up 44.0% during 2023, from $5M to $7M. Reported net income was $2M.
How have Spectrum Medical, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Spectrum Medical, Inc.'s sponsor-wide assets grew 84.8%, from $5M to $9M.
Which 401(k) plans are similar in size to Spectrum Medical 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Kings & Convicts 401(k) Plan in CA ($7M, 456 participants).
Which 401(k) plans cover a similar participant headcount to Spectrum Medical 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is A Haven for Kids, Inc. Retirement Plan in OH (73 participants, N/A in assets).