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Spectrum Resource Center

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

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.
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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.
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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.
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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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Spectrum Update and Service Enhancements Q4'2018

Q4'2018 was a strong quarter for Spectrum. We were thrilled that one of Spectrum's clients, Seattle Indian Health Board, was recognized as ABG's Plan Sponsor of the Year. Spectrum enhanced participant account security by implementing multi-factor authentication on its retirement platform. Finally, we launched a Cash Balance Pension Plan Calculator, to show employers whether cash balance pension plans might make sense for their organizations.
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Spectrum Update and Service Enhancements Q3'2018

Q3'2018 was an exciting quarter. Among other things, we celebrated Spectrum's 40th birthday party at Tacoma Country and Golf Club; we hosted the 13th annual Spectrum Open Charity Golf Tournament and Dinner Event; we implemented the Spectrum Client Portal to streamline retirement plan implementations; we launched our cybersecurity awareness training services.

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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.