Well OP, was it the back toggle speed lock engaged?
If that does not solve the problem, plug the 401 directly into the wall and check for speed. Perhaps your motor needs a rebuild?
How are you monitoring the speed? The strobe markings on the 401 platter are not reliable and nothing beats the Phoenix products now being sold by Sota
And last, what is the provenance for your 401? Are you sure you have the original motor and not a replacement motor? That is something of a long-shot thought as the LDA should control and change speed regardless of whether the motor is AC synchronous or induction.