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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
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.
Encourage Greater Participation with a QACA Safe Harbor

Encourage Greater Participation with a QACA Safe Harbor

You may know that Safe Harbor contributions to your 401(k) plan allows you to bypass the annual nondiscrimination testing requirements. This, in turn, ensures you can maximize your personal contributions to the plan. One of the Safe Harbor options is called a Qualified Automatic Contribution Arrangement or QACA for short. The unique characteristics of QACA can make your plan more attractive to your employees. This can boost participation rates and put more of your people on a savings path.
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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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