11 July Spectrum Update and Service Enhancements Q2'2019 July 11, 2019 By Petros Koumantaros Announcements erisawrap, welfare benefit plan, spectrum open, charity, fundraiser, document Dear Friends, We are delighted to provide our clients, advisory partners, professional connections, and key contacts with our quarterly business update. In summary, Spectrum was thrilled to celebrate its 41st birthday on July 3, 2019. We would like to thank everyone who has been part of this incredible journey with us. Please join us on Monday, August 26, for our signature annual charity fundraiser, the Spectrum Open Golf Tournament and Dinner Event. Finally, we are excited to announce that Spectrum launched an ERISA Wrap Document Wizard. This wizard makes ERISA Health and Welfare Document Compliance very easy for employers. Take advantage of our launch promotion, which saves over 20%, and get compliant today! If you offer any health or welfare benefit plans to employees (ex. group medical), then you need to satisfy ERISA Plan Document Requirements. Unfortunately, many employers rely only on an insurance company's benefits summary. This is a mistake, as benefit summaries are likely inadequate and do not include required ERISA language. Not including ERISA required language can leave employers unprotected. In addition, failure to comply can be costly for employers in the form of fines and penalties. However, fear not, Spectrum's ERISA Wrap Document Wizard makes compliance simple and easy. In just a few minutes an employer can easily generate a plan document, which conveniently wraps around other governing documents for health and welfare programs. Our package includes a Summary Plan Description (SPD), which employers can provide to plan participants. We are happy to fulfill the SPD to plan participants if their addresses are on file with us. Please contact your Spectrum Account Manager if you are interested in our fulfillment service. Get Started Now! Call Us at 253-534-9590 On Monday, August 26, 2019, Spectrum is proud to host and again be the headline sponsor of the Spectrum Open Golf Tournament and Dinner Event. Proceeds from the event benefit the Pano Koumantaros Cancer Research Fund, a registered 501(c)(3) nonprofit organization, Tax ID: 47-2592539 (the "Fund"). The Fund is named after Spectrum's Founder, Pano Koumantaros, who lost a 6-month battle with bladder cancer in December 2005. Held each summer since 2006 at Fircrest Golf Club, the Spectrum Open Golf Tournament and Dinner Event has raised over $1.5 Million for the Fund and is one of the Fund's major annual fundraising events. The annual event celebrates Pano's love of life, family, friends, good food and wine, and golf. Can't participate in the event, but want to offer support? Please feel free to give a gift. Register for the Event Make a Donation If you are interested in learning more or know an organization that could benefit from our products or services, Spectrum's online proposal system makes it easy to request information. Our product and service roadmaps remain robust with continued development of our mobile app and a managed account solution. We will send our next quarterly update in October 2019. If you would like to hear from us more regularly, please connect through Spectrum's social media channels. Also, we always welcome feedback, so feel free to contact us on any matter. Again, we thank every client and professional advisor for placing their confidence and trust in our firm. Sincerely, Petros P. Koumantaros Managing Director & CEO Related Articles 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. 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. Spectrum Update and Service Enhancements Q2'2018 Q2'2018 was a major quarter for us. Spectrum won a technology innovation award, was twice recognized by Charles Schwab, finalized its System and Organization Controls (SOC) Report, and experienced wide adoption of new product and service offerings. 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. Spectrum Update and Service Enhancements Q1'2018 We provide a brief update on our firm and some exciting product and service enhancements we recently introduced: Spectrum Payroll360, Spectrum FinWell, and On-Site Plan Education. 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. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus