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Spectrum Resource Center

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

COVID-19 Masks

Encouraging Plan Participation During the Pandemic | Retirement & Coronavirus Trends | Legislative Highlights

As the coronavirus pandemic has impacted the economics, finances, and health of many Americans, retirement plan participants may be evaluating continued participation in retirement plans. Learn more about how to encourage plan participation during the pandemic along with trends for plan sponsors and retirement plan participants during COVID-19.
Older Employees in the Workforce

Older Employees in the Workforce | The SECURE Act | COVID-19 + CARES Act | Legislative Highlights

While Millennials have been the focus of much of the discussion around the evolution of the workplace, the U.S. Bureau of Labor and Statistics reports that the number of employees aged 65 and older has increased nearly 70% in the last decade. Learn more about these demographic trends plus more on the SECURE Act, the CARES Act, and what plan sponsors need to know about COVID-19.
COVID-19 Retirement Plan Help

COVID-19 Retirement Plan Help and the CARES Act

The President recently signed into law the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The CARES Act amends and introduces new retirement plan provisions to support employers and plan participants. Spectrum's Consultants have gone through the CARES Act and summarized the retirement plan changes for you. We invite you to contact us to help you or your plan participants further.
SECURE Act

SECURE Act

In 2019, Congress passed, and the President signed, The SECURE Act which stands for Setting Every Community Up for Retirement Enhancement. While the act is wide-reaching, in short it provides a number of measures which make it more attractive for employers like you to sponsor a retirement plan or enhance your existing plan. We invite you to watch the video, then contact us to discuss how – together – we can leverage these new rules to your advantage.
Your World Evolves and Your Retirement Plan Should, Too

Your World Evolves and Your Retirement Plan Should, Too

Every business has a lifecycle. Over time, your business grows and changes; sometimes in small ways, other times in big ways. These changes can impact the needs and goals you – and your employees – have with respect to your retirement plan. Our goal is to ensure your retirement plan continues to evolve along with your business. We invite you to watch our quick video to learn how we can help your plan adapt to your current situation.
Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

Four Things to Know About ERISA Fidelity Bonds and Fiduciary Liability Insurance

Under ERISA, anyone who handles plan funds must be covered by a fidelity bond. Different from fiduciary liability insurance, an ERISA fidelity bond protects your plan from losses that may result from fraudulent or dishonest acts. This Spectrum Employer Connect episode of covers four important things you should know about fidelity bonds.
Its Time to Restate Your Defined Benefit Plan Document

It’s Time to Restate Your Defined Benefit Plan Document

If your company sponsors a Defined Benefit Pension Plan, your plan document must be formally rewritten or “restated” to comply with the rules and regulations that were passed as part of the Pension Protection Act of 2006. We invite you to watch our quick video that will provide the information you need to know now, including the government deadline.

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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.