Filed February 12, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SPECTRUM INVESTMENT ADVISORS2 years Filed as: SPECTRUM INVESTMENT ADVISORS INC Service code 27 · EIN 39-1828175 | Advisory (Plan) | $24,418 |
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $19,894 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported that benefits due were not provided when due.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,499 | $66,319+10.8% | $93,621-21.5% | $65,185+12.8% |
| Participation rate | 44.6% | 74.0%-29.4pp | 75.8%-31.2pp | 70.2%-25.6pp |
| Annual return | 21.41% | 42.59%-21.2pp | 32.76%-11.3pp | 29.38%-8.0pp |
| Employer contribution / active EE | $2,051 | $2,013+1.9% | $2,719-24.5% | $2,177-5.8% |
| Participant deferral / active EE | $3,577 | $3,343+7.0% | $4,070-12.1% | $3,514+1.8% |
| Admin fee / account holder | $414 | $6,900-94.0% | $7,890-94.8% | $847-51.1% |