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Spectrum Update and Service Enhancements Q3'2019

Dear Friends,

We are delighted to provide our clients, advisory partners, professional connections, and key contacts with our Q3'2019 quarterly update.

Our 14th Annual Spectrum Open Golf Tournament and Dinner Event ("Spectrum Open") raised over $140,000 for the Pano Koumantaros Cancer Research Fund, a registered 501(c)(3) nonprofit organization, Tax ID: 47-2592539 (the "Fund"). We are deeply moved by our community's generosity to support the Spectrum Open and the Fund. On behalf of our Firm - THANK YOU! Please check out the Spectrum Open 2019 Photo Album, and feel free to re-share the photos.

Did you know that if your organization offers healthcare or other welfare benefits (ex. dental, medical, term life insurance, vision, etc.) you need to distribute a Summary Plan Description (SPD) to each participant and have a written Plan Document? Failing to comply can be costly for employers with daily fines, benefit lawsuits, and U.S. DOL investigations. In fact, a court recently penalized an employer over $41,000 for failing to provide timely ERISA Plan Documents. You are not alone if you were unaware of this requirement, but we can help. Our affordable solution provides employers with an SPD and ERISA Wrap Document for only $395. You can get started now or schedule a FREE consultation to learn more.

In Q3'2019, we launched Spectrum Platform - the Most Flexible Recordkeeping Technology + Service Solution Available to Employers. Spectrum Platform utilizes our leading technology to integrate with the services offered by your Third-Party Administrator (TPA) and Broker/Plan Adviser. Offered in four subscription packages, Spectrum Platform satisfies a wide range needs for clients along with their Brokers/Plan Advisers and TPAs.

The last couple months of the year is often the best time to get started with a workplace retirement plan. If you would like to learn more or know an organization that could benefit from our products or services, Spectrum's online proposal system makes it easy to request information.

We will send our next quarterly update in January 2020. 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


Petros P. Koumantaros
Managing Director & CEO


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About Our Firm

Spectrum Consultants is a multidisciplinary B2B consulting firm, which specializes in 401k administration, benefit plan outsourcing, business solutions, and management consulting.

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  • Address: 6402 19th Street, Tacoma, WA 98466, USA

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