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, Specright 401(K) Plan is a benefit plan reported by Specright, Inc under EIN 47-1571522 and plan number 001. The latest loaded filing year is 2023. The filing reports 149 participants and $3,835,708 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,835,708
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,835,708
- Net assets (BOY)
- $2,259,316
Income & contributions
- Employer contributions
- $105,597
- Participant contributions
- $1,078,715
- Total contributions
- $1,441,333
- Total income / additions
- $1,901,244
Expenses & distributions
- Benefits paid
- $310,008
- Administrative expenses
- $14,844
- Total expenses
- $324,852
- Net increase / (decrease)
- $1,576,392