401(k) · DOL Form 5500 · 2024

Spectra Credit Union 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
98
Participants Small participant base
66th
Percentile by assets National rank
$161,500
Avg per participant Above avg balance/head
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Official DOL plan name: Spectra Credit Union 401(k) Savings Plan · Sponsored by Spectra Credit Union · Virginia · Finance & Insurance

$16M in assets, 98 participants

Spectra Credit Union's Spectra Credit Union 401(k) Savings Plan reported $16M in total assets and 98 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,243 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

Spectra Credit Union 401(k) Savings Plan holds $16M for 98 participants - about $161,500 per participant, above the median plan by assets.

#4,243
in Finance & Insurance (8,549 peers)
+1.5%
assets growth YoY

Spectra Credit Union 401(k) Savings Plan's mid-pack asset rank among Finance & Insurance and all filers

Spectra Credit Union 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$15,826,996 Top 34% higher than 66% of 123,620 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 2024

Spectra Credit Union 401(k) Savings Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spectra Credit Union 401(k) Savings Plan is a small filing (98 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spectra Credit Union 401(k) Savings Plan reported net income fell from $303K in the plan year 2023 filing to $230K in the plan year 2024 filing.
  • Spectra Credit Union 401(k) Savings Plan reported participants fell from 104 in the plan year 2023 filing to 98 in the plan year 2024 filing.
  • Spectra Credit Union 401(k) Savings Plan end-of-year assets rose from $16M in the plan year 2023 filing to $16M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 530208722 · Spectra Credit Union PY 2024 · 401(k)

Spectra Credit Union 401(k) Savings Plan · $16M · 98 · 66th

  • EBSA $16M
  • PART 98
  • TYPE 66th
  • NET 401(k)
  • BOOK near Hopkinsville Elevator Company 401(k) Plan
  • VS-ST ind #4243

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 Finance & Insurance retirement plans → · Plans in Virginia →

Spectra Credit Union 401(k) Savings Plan in the asset neighbourhood

Spectra Credit Union 401(k) Savings PlanSpectra Credit Union 401(k) …$16MHopkinsville Elevator Company 401(k) PlanHopkinsville Elevator Compan…$16MBartow Ford Co. 401(k) Retirement PlanBartow Ford Co. 401(k) Retir…$16MRound Ground Metals, Inc. 401(k) Plan & TrustRound Ground Metals, Inc. 40…$16MTapani Plumbing, Inc. 401(k) Retirement PlanTapani Plumbing, Inc. 401(k)…$16M
End-of-year total assets ($M) among Spectra Credit Union 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$16M
Net Income$230K
Employer EIN530208722
Plan Effective Date1997-01-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Spectra Credit Union)

Sponsor-wide plan assets over time

All Spectra Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$16M 2.978397303861304% vs 2022
2024 filing year
$15.2M$15.4M$15.6M$15.8M$16M 202220232024 $15.4M $15.8M ▲ +3.0%
Year Plans Participants Total Assets
2022 1 92 $15M
2023 1 104 $16M
2024 1 98 $16M

Nearby 401(k) Plans in Virginia

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

Spectra Credit Union 401(k) Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Spectra Credit Union 401(k) Savings Plan, Total assets ($B): 0.015826996 · Participants: 98Spectra Credit Union 401(k) Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Spectra Credit Union 401(k) Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Spectra Credit Union 401(k) Savings Plan side-by-side with 3 peers →

Spectra Credit Union 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Hopkinsville Elevator Company 401(k) Plan in KY ($16M); by covered participants it is Premier Medical Group Profit Sharing Plan in NY (98 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (98 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spectra Credit Union 401(k) Savings Plan assets move in 2024? ▼
Spectra Credit Union 401(k) Savings Plan edged up modestly - up 1.5% during 2024, from $16M to $16M. Reported net income was $230K.
How have Spectra Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spectra Credit Union's sponsor-wide assets grew 3.0%, from $15M to $16M.
Which 401(k) plans are similar in size to Spectra Credit Union 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hopkinsville Elevator Company 401(k) Plan in KY ($16M, 142 participants).
Which 401(k) plans cover a similar participant headcount to Spectra Credit Union 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Premier Medical Group Profit Sharing Plan in NY (98 participants, $21M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 530208722.

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.