Filed February 12, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
SPECTRUM INVESTMENT ADVISORS5 years Filed as: SPECTRUM INVESTMENT ADVISORS INC Service code 27 · EIN 39-1828175 | Advisory (Plan) | $36,573 |
Service code 64 · EIN 04-2647786 | Recordkeeping Fees | $28,429 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported that benefits due were not provided when due.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,694 | $72,620+13.9% | $90,760-8.9% | $66,938+23.5% |
| Participation rate | 56.0% | 73.7%-17.7pp | 75.7%-19.7pp | 69.8%-13.8pp |
| Annual return | -18.15% | -12.28%-5.9pp | -12.16%-6.0pp | 1.58%-19.7pp |
| Employer contribution / active EE | $2,626 | $2,369+10.8% | $2,922-10.1% | $2,545+3.2% |
| Participant deferral / active EE | $4,731 | $3,979+18.9% | $4,565+3.6% | $4,238+11.6% |
| Admin fee / account holder | $474 | $707-32.9% | $8,444-94.4% | $594-20.1% |