Not sure what is the best retirement plan solution for your organization? Spectrum's Plan Analysis App can make a recommendation.
Spectrum requires its plan services consultants to earn professional qualifications as conditions of continuing employment, so our Clients work with skilled professionals.
We engage external auditors to audit our processes annually to ensure they provide appropriate internal controls.
Spectrum administers plans on an industry leading technology platform, which provides Plan Sponsors and Plan Participants with advanced analytics, tools, and resources.
Spectrum Pension Consultants delivers products, services, and solutions which support 401k and other employer-sponsored retirement plans. Our capabilities focus on retirement plan administration, consulting, documentation, and recordkeeping. Headquartered 30 miles south of Seattle in Tacoma, Washington, Spectrum Pension Consultants has worked for thousands of employer organizations since its founding in 1978. Today, our diverse client roster covers every industry vertical, and spans nearly every state in the country.
Spectrum’s service syndicate through Alliance Benefit Group, provides nationally recognized enrolled actuaries to manage the actuarial valuations of cash balance and traditional defined benefit pension plans.
Plan administration and ERISA compliance are challenges for many HR professionals. We can handle all plan compliance matters for employers. Our staff are ERISA plan experts and required to earn professional qualifications to demonstrate their competencies.
Spectrum sponsors DC and DB volume submitter plan documents, which provide thousands of plan design options. We can also support individually designed plans, for clients who have very specific needs.
What good is a workplace retirement plan if it is poorly designed? Poor design can expose plans to costly compliance problems. Our plan consultants are professionally qualified experts, who deliver outcomes through plan design. Each Spectrum Consultant develops years of experience in plan administration before consulting with employers.
We can provide daily valuation recordkeeping services to 401k, 403(b), 457, and other defined contribution plans. Our services are built upon an industry leading platform, which provides advanced analytics and can integrate with employer payroll systems.
Our retirement plan expertise includes most types of employer-sponsored workplace retirement plans:
Heard enough? Ready to get started?
Employer costs in workplace retirement plans are a function of:
Many plans include employer matching contributions or profit-sharing contributions.
These contributions are often based on a percentage of employee pay. This makes it
easy for employers to budget annually. However, fixed annual contributions may be
costly and not provide employers with enough flexibility. Good retirement plan
consultants can design plans with employer contribution flexibility in mind. This
means employers can have discretion over how much they choose to contribute
annually. However, even the most flexible plans may require employer contributions
in certain years because of plan compliance rules.
Fees paid to providers can vary widely among different plans. As noted in our Retirement Plan Provider
Guide, employers can in-source most retirement plan service functions. When
services are out-sourced most providers charge based on some combination of incurred
expenses, plan assets, plan participant counts, plan design complexity, plan
operational complexity, time, or types of plan transactions.
Spectrum offers employers a complimentary initial retirement plan review. As
retirement plan specialists, we discuss the employer’s objectives, learn about
your organization’s internal capabilities, and analyze any of your existing
workplace retirement plans. We recommend which functions an employer should
in-source, and which services should be outsourced to providers. We are happy to
provide ongoing service proposals if an employer considers Spectrum for one or
more service functions.
let us buy you a cup of coffee, and have a conversation.