Spectraforce Technologies, Inc. 401(k) Review & Grade
Spectraforce Technologies, Inc. 401(k) Plan
Raleigh, NCAdministrative, Support & Staffing Services620 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$234Employer $ per active participant
$1,895Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$5.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.1 / 5030th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 8th |
| Employee saving | 51th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $116,369 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Spectraforce Technologies put in about $234 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.90% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $145,046 |
| Participant (employee) contributions | $1,175,707 |
| Other contributions (incl. rollovers in) | $92,300 |
| Administrative expenses paid from the plan | $45,861 |
| Investment advisory & management fees | $24,571 |
| Benefits paid out | $1,247,175 |
| Net assets, start / end of year | $4.7M / $5.5M |
| Active participants, start / end of year | 826 / 415 |
| Participants with account balances | 216 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Stancil PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $21,290 reported compensation |
| Guardian Wealth Advisors LLC | $20,640 reported compensation |
| Empower Advisory Group, LLC | $3,931 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905143622NAL0010402835001, received 2025-09-05, EIN 56-2206755, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.