Spectrum Pension Consultants, Inc. 401(k) Profit Sharing Plan and Trust

Spectrum sponsors a Defined Contribution Retirement Plan officially known as the Spectrum Pension Consultants, Inc. 401(k) Profit Sharing Plan and Trust (“The Plan”).  The Plan enables both plan participants and Spectrum to contribute toward long-term retirement savings.

After satisfying the Plan’s eligibility requirements, Participants may make salary deferrals to The Plan on a pre-tax basis.  A salary deferral agreement must be executed indicating the desired deferral rate or amount per pay period.  The Plan incorporates matching provisions, where Spectrum will match a portion of a Staff Member’s salary deferral contribution, and discretionary profit sharing provisions.  To receive an employer matching contribution, Staff Members must contribute to the Plan.

The Summary Plan Description contains further the details of the plan, including eligibility and more specific benefit provisions.  You can obtain a copy of the Summary Plan Description from HR.