Spectrum Comm, Inc. Employee Stock Ownership Plan — Form 5500 plan (Spectrum Comm., Inc.)

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 Comm, Inc. Employee Stock Ownership Plan is a benefit plan reported by Spectrum Comm., Inc. under EIN 58-2452461 and plan number 002. The latest loaded filing year is 2023. The filing reports 173 participants and $2,965,448 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3MPlan net assets, end of year$2,951,427
Participants173Covered participants reported
Assets / participant$17.1KComputed: assets ÷ participants$17,141 (computed)
Provider compensationNone reported
Plan sponsor
Spectrum Comm., Inc.
EIN
58-2452461
Plan number
002
Plan type
2
Location
Newport News, VA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023173H20241219090155NAL0007309312001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3M total assets
Net assets$3MLiabilities$14K
Money in vs. money out
Total income / additions$635.3K
Total expenses$343.5K
Benefits paid / distributions$341.4K
Contributions
Employer$253K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$2,965,448
Total liabilities (EOY)
$14,021
Net assets (EOY)
$2,951,427
Net assets (BOY)
$2,659,596

Income & contributions

Employer contributions
$253,000
Total contributions
$253,000
Total income / additions
$635,318

Expenses & distributions

Benefits paid
$341,408
Administrative expenses
$2,079
Total expenses
$343,487
Net increase / (decrease)
$291,831
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income54%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages