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Spectrum Resource Center

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

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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.
February 1, 2019 By Petros Koumantaros Employer Connect 401k, defined benefit, plan design, cash balance, video   Comments Read More >>
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Advantages of an Unbundled Retirement Plan Solution

Buying “off the rack” can be cost effective, but often limits choice and flexibility. And we all know that a custom approach will typically offer the best fit. This analogy accurately describes the difference between a “bundled” 401(k) solution from a single provider and an “unbundled” solution delivered by multiple expert specialists. In this episode of Spectrum Employer Connect we contrast bundled and unbundled platforms. We invite you to take a few minutes to watch the video and review the accompanying Action Doc.
January 15, 2019 By Petros Koumantaros Employer Connect bundled, unbundled, 401k, video   Comments Read More >>
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Maximizing a Business Owner’s Retirement Benefit

It’s a common story – business owners put everything into their businesses for years before being in a financial position to put real money away for retirement. That might describe your situation. This Spectrum Employer Connect video highlights a number of very effective plan design options that can help you realize your full retirement savings potential.
December 15, 2018 By Petros Koumantaros Employer Connect business, owner, defined benefit, cash balance, 401k, plan design, video, safe harbor   Comments Read More >>
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Understanding How Forfeitures Work in Your Retirement Plan

We know that employee contributions to a 401(k) plan must always be 100% vested. However, employer contributions may have a vesting schedule attached to them. That means, when employees leave the company and plan, they may leave behind forfeitures. This Spectrum Employer Connect video highlights the advantages of using vesting for employer contributions. And we also discuss the most common methods for treating plan forfeitures.
December 1, 2018 By Petros Koumantaros Employer Connect 401k, forfeiture, forfeit, vested, vesting, video   Comments Read More >>
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When to Set Sail with Safe Harbor

Many company owners actively seek to maximize their 401(k) contributions each year. That’s a great goal, but it can be problematic if your plan fails to meet the nondiscrimination rules. Adding a Safe Harbor provision can confidently address this issue while providing important benefits to your company and employees. In this episode of Employer Connect, you’ll learn how Safe Harbor contributions work and four benefits of adopting this plan provision.
October 1, 2018 By Petros Koumantaros Employer Connect 401k, safe harbor, nondiscrimination, video, adp, acp, top-heavy   Comments Read More >>
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Cash Balance Plans Allow Six Figure Annual Contributions

If you are looking to save even more on taxes and put up to six figures per year into your retirement account, a Cash Balance plan may be the right choice. This episode of Spectrum Employer Connect introduces Cash Balance plans, a retirement plan design that allows significantly higher contribution limits and drives faster asset accumulations than a 401(k).
September 15, 2018 By Petros Koumantaros Employer Connect 401k, cash balance, cbpp, video   Comments Read More >>
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To Roth or Not to Roth

Many business owners are comfortable with the notion of a Roth IRA. We find that far fewer understand and appreciate the benefit of contributing post-tax dollars in a Roth 401(k) account as compared to making traditional pre-tax contributions. In the right circumstances and for the right person, a Roth 401(k) account can deliver significant tax benefits at retirement.
August 1, 2018 By Petros Koumantaros Employer Connect 401k, roth, video   Comments Read More >>
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Auto-Enrollment and Auto-Escalation

Auto Enrollment and Auto Escalation – highlights “automatic” plan design features that can make a significant difference for employees starting their journey to retirement. Watch this video and download its Action Doc to better understand how auto-enrollment and auto-escalation can be a great tools to help more people achieve a secure retirement.
July 1, 2018 By Petros Koumantaros Employer Connect enrollment, escalation, 401k, video, automatic   Comments Read More >>
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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.