TACOMA, Washington, April 22, 2006 - Spectrum deployed the Spectrum Participant WebTM and Spectrum Plan Sponsor WebTM platform on Saturday, April 22, 2006.
For months, Spectrum has been evaluating leading industry software providers to license a platform that meets existing retirement plan participant and retirement plan sponsor needs and is well positioned to leverage forthcoming industry trends. The new platform provides retirement plan participants options for automatic account rebalancing, internal rates of return, paperless loans, paperless distributions, and on-demand reporting.
“Spectrum is committed to providing quality service to its clients and retirement plan participants,” said Petros Koumantaros, Chief Executive Officer. “The Spectrum Participant Web incorporates a more intuitive user interface and enables retirement plan participants to execute a wider array of transactions within their daily valued accounts. Plan Sponsors and their investment advisors can benefit from the Spectrum Plan Sponsor Web by having access to macro-level retirement plan data, global participant account balances, participant drill-down capabilities, and reporting that will better support sponsors in managing their fiduciary responsibilities.”
Comments Yannis Koumantaros, Chief Pension Consultant and Chief Financial Officer, “Spectrum plans on using this advanced technology, coupled with its industry and consultative core competencies, to drive new business to both our own firm, as well as our preferred Business Partners.”
About Spectrum
Spectrum has been a leading service provider of qualified retirement plans in the Pacific Northwest since 1978. Its service offerings to retirement plan sponsors include retirement plan design, professional consulting, record keeping, and third-party administrative support. Additional information about Spectrum is available at: www.spectrumpension.com
