Plan Snapshot
- Plan Sponsor: Spectrum Academy
- Sponsor EIN: 760817459
- Sponsor Address: 665 NORTH CUTLER DRIVE, NORTH SALT LAKE, UT, 84054
- Plan Type: 401(k)
- Total Participants: 319
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 319 | $8.0M | $738,318 | $525,751 |
| 2023 | 308 | $6.5M | $644,734 | $464,842 |
| 2022 | 286 | $4.8M | $540,705 | $403,716 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SQUIRE & COMPANY, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SQUIRE & COMPANY, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $65,888 | — | $65,888 | — | — |
| 2023 | $44,145 | — | $44,145 | — | — |
| 2022 | $50,683 | — | $50,683 | — | — |