401(k) · DOL Form 5500 · 2023

Spectrum Medical, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
87
Participants Small participant base
60th
Percentile by assets National rank
$120,353
Avg per participant Near avg balance/head
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Official DOL plan name: Spectrum Medical, Inc. Profit Sharing Retirement Plan · Sponsored by Spectrum Medical, Inc. · Virginia · Healthcare & Social Assistance

$10M in assets, 87 participants

Spectrum Medical, Inc.'s Spectrum Medical, Inc. Profit Sharing Retirement Plan reported $10M in total assets and 87 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #11,528 in Healthcare & Social Assistance (17,684 peers)

Spectrum Medical, Inc. multi-year trail

Spectrum Medical, Inc.'s plans moved -34.1% in assets from 2022 to 2024; this filing shows Spectrum Medical, Inc. Profit Sharing Retirement Plan at $10M / 87 participants.

#11,528
in Healthcare & Social Assistance (17,684 peers)
-7.9%
assets change YoY

The plan reported a net loss of $899K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spectrum Medical, Inc. Profit Sharing Retirement Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Spectrum Medical, Inc. Profit Sharing Retirement Plan vs every filed plan by assets

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

$10,470,696 Top 40% higher than 60% 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, Inc. Profit Sharing Retirement 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, Inc. Profit Sharing Retirement Plan is a small filing (87 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spectrum Medical, Inc. Profit Sharing Retirement Plan reported net income fell from $2M in the plan year 2022 filing to -$899K in the plan year 2023 filing.
  • Spectrum Medical, Inc. Profit Sharing Retirement Plan reported participants rose from 71 in the plan year 2022 filing to 87 in the plan year 2023 filing.
  • Spectrum Medical, Inc. Profit Sharing Retirement Plan end-of-year assets fell from $11M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 540883143 · Spectrum Medical, Inc. PY 2023 · 401(k)

Spectrum Medical, Inc. Profit Sharing Retirement Plan · $10M · 87 · 60th

  • PART $10M
  • TYPE 87
  • NET 60th
  • BOOK 401(k)
  • VS-ST near Agency for Community Empowerment of Nepa 403(b) Plan
  • BOY ind #11528

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 Healthcare & Social Assistance retirement plans → · Plans in Virginia →

Spectrum Medical, Inc. Profit Sharing Retirement Plan in the asset neighbourhood

Spectrum Medical, Inc. Profit Sharing Retirement PlanSpectrum Medical, Inc. Profi…$10MAgency for Community Empowerment of Nepa 403(b) PlanAgency for Community Empower…$10MAll Campus LLC Retirement Savings PlanAll Campus LLC Retirement Sa…$10MBuckeye State Mutual Insurance Company 401(k) PlanBuckeye State Mutual Insuran…$10MSouthwest Foodservice Excellence 401(k) PlanSouthwest Foodservice Excell…$10M
End-of-year total assets ($M) among Spectrum Medical, Inc. Profit Sharing Retirement 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
$7M 34.06617638069173% vs 2022
2024 filing year
$6M$8M$10M$12M 202220232024 $11.4M $7.5M ▼ -34.0%
Year Plans Participants Total Assets
2022 1 71 $11M
2023 1 87 $10M
2024 1 88 $7M

Spectrum Medical, Inc. filing trail (2023)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$10M
Net Income-$899K
Employer EIN540883143
Plan Effective Date1971-09-15
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Virginia

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

Spectrum Medical, Inc. Profit Sharing Retirement Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Spectrum Medical, Inc. Profit Sharing Retirement Plan, Total assets ($B): 0.010470696 · Participants: 87Spectrum Medical, Inc. Profit Sharing Retirement PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Spectrum Medical, Inc. Profit Sharing Retirement Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Spectrum Medical, Inc. Profit Sharing Retirement Plan side-by-side with 3 peers →

Spectrum Medical, Inc. Profit Sharing Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Agency for Community Empowerment of Nepa 403(b) Plan in PA ($10M); by covered participants it is Landrum & Brown 401(k) and Profit Sharing Plan in OH (87 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (87 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, Inc. Profit Sharing Retirement Plan assets move in 2023? ▼
Spectrum Medical, Inc. Profit Sharing Retirement Plan pulled back noticeably - down 7.9% during 2023, from $11M to $10M. Reported net income was -$899K.
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 declined 34.1%, from $11M to $7M.
Which 401(k) plans are similar in size to Spectrum Medical, Inc. Profit Sharing Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Agency for Community Empowerment of Nepa 403(b) Plan in PA ($10M, 212 participants).
Which 401(k) plans cover a similar participant headcount to Spectrum Medical, Inc. Profit Sharing Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Landrum & Brown 401(k) and Profit Sharing Plan in OH (87 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540883143.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.