Plan Snapshot
- Plan Sponsor: Spectrum Healthcare Partners, P.A.
- Sponsor EIN: 010510040
- Sponsor Address: 324 GANNETT DRIVE, SUITE 200, SOUTH PORTLAND, ME, 04106
- Plan Type: 401(k)
- Total Participants: 489
- Total Assets: $359.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 489 | $359.7M | $9.7M | $6.9M |
| 2023 | 486 | $340.0M | $9.3M | $6.8M |
| 2022 | 506 | $290.9M | $9.1M | $6.4M |
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 |
|---|---|---|---|---|
| HIGHTOWER ADVISORS LLC | Other Service Provider | $127,151 | — | $127,151 |
| R M DAVIS INC | Investment Advisor | $108,497 | — | $108,497 |
| CAPFINANCIAL PARTNERS LLC | Other Service Provider | $78,615 | — | $78,615 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $72,252 | — | $72,252 |
| H. M. PAYSON & CO. | Other Service Provider | $67,472 | — | $67,472 |
| ENVESTNET ASSET MANAGEMENT INC | Other Service Provider | $25,084 | — | $25,084 |
| WAYPOINT CAPITAL ADVISORS LLC | Other Service Provider | $22,957 | — | $22,957 |
| DOUGLASS WINTHROP ADVISORS LLC | Other Service Provider | $20,846 | — | $20,846 |
| VALMARK ADVISERS INC | Other Service Provider | $18,382 | — | $18,382 |
| HEADINVEST LLC | Other Service Provider | $16,838 | — | $16,838 |
| CHARLES SCHWAB & CO., INC. | Recordkeeper | $12,975 | — | $12,975 |
| PORTLAND GLOBAL ADVISORS | Other Service Provider | $9,227 | — | $9,227 |
| AZZAD ASSET MANAGEMENT INC | Other Service Provider | $6,611 | — | $6,611 |
| F L PUTNAM INVESTMENT MANAGEME | Other Service Provider | $6,089 | — | $6,089 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- R M DAVIS INC — Investment Advisor
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- CHARLES SCHWAB & CO., INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $592,996
- Estimated Expense Ratio: 0.165% 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 | $592,996 | $529,667 | — | — | — |
| 2023 | $520,572 | $449,970 | — | — | — |
| 2022 | $492,568 | $408,258 | — | — | $678 |