Plan Snapshot
- Plan Sponsor: Spectrum Community Services
- Sponsor EIN: 382882853
- Sponsor Address: 28303 JOY ROAD, WESTLAND, MI, 48185
- Plan Type: 403(b)
- Total Participants: 901
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 901 | $3.4M | $121,082 | $198,172 |
| 2023 | 762 | $3.2M | $115,618 | $192,013 |
| 2022 | 588 | $2.6M | $112,220 | $202,475 |
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 |
|---|---|---|---|---|
| BAKER TILLY, US LLP | Auditor | $24,618 | — | $24,618 |
| LPL FINANCIAL LLC-RPCP | NONE | $19,865 | — | $19,865 |
| NATIONWIDE | NONE | $14,184 | — | $14,184 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY, US LLP — Auditor
- LPL FINANCIAL LLC-RPCP — NONE
- NATIONWIDE — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,667
- Estimated Expense Ratio: 1.741% of plan assets
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 | $24,618 | — | — | $24,618 | — |
| 2023 | $22,215 | — | — | — | — |
| 2022 | $28,669 | — | $28,669 | — | — |