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Spectrum Resource Center

Advice, Articles, Events, Insights, News, Newsletters, Opinions, Press Releases, Updates, and More from Spectrum.

Petros Koumantaros
Petros Koumantaros's Article
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Spectrum Update and Service Enhancements Q3'2019

Spectrum was overjoyed the 2019 Spectrum Open raised over $140,000 toward cancer research, treatment, and care. Avoid ERISA Health and Welfare Plan fines, penalties, and lawsuits with our ERISA Wrap SPD and Plan Document. We are delighted to announce the launch of Spectrum Platform - the Most Flexible Recordkeeping Technology + Service Solution Available to Employers, brokers/plan advisers, and TPAs.
ERISA Wrap SPD Solution

Wrap Document to Comply With ERISA Summary Plan Description (SPD) Requirement

Virtually every private sector employer offering employee benefit plans is subject to certain ERISA requirements. Any such employers must provide an SPD to paraticipants. Failing to comply can be very costly for employers. Insurance carrier documents are generally inadequate. One solution for employers is to use an ERISA Wrap Document or Wrap SPD.
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Spectrum Update and Service Enhancements Q2'2019

Spectrum was thrilled to celebrate its 41st birthday on July 3, 2019. Please join us on Monday, August 26, for our signature annual charity fundraiser, the Spectrum Open Golf Tournament and Dinner Event. We also announce the launch of an ERISA Wrap Document Wizard, which makes ERISA Health and Welfare Document Compliance very easy for employers.
401(k) Provider Guide

Retirement Plan Provider Guide

Workplace retirement plans can be complicated. The compliance rules, investments, reporting, tax forms, and terminology are enough to make any plan sponsor’s head spin. Even the roles of service providers can be confusing. Our retirement plan provider guide enables plan sponsors to tear up all those business cards and get to the root of what each service provider does.
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Spectrum Update and Service Enhancements Q1'2019

It seems incredible that Q2'2019 has closed and we are already past tax season. Over the past quarter Spectrum launched the Spectrum Employer Connect Video Series, improved participant account security through widespread deployment of multi-factor authentication, and enhanced our plan consultation report to support retirement plan reviews.
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Aligning Plan Design with Your Goals

We focus on aligning your retirement plan design to your specific situation. By determining the plan design that’s the right fit, you’ll be well positioned to take full advantage of the special savings and tax treatments afforded qualified retirement plans. Take a couple of minutes to watch this Spectrum Employer Connect video to refresh yourself on the broad retirement plan design options available.

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ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.