Plan Ledger DOL Form 5500 · updated monthly

Spectrum Intermediate, LLC401(k)

SPECTRUM INTERMEDIATE 401(K) PLAN · DRAPER, UT · plan year 2023

Reported admin expense ratio · 2023
1.59%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Spectrum Intermediate, LLC reported $10,666 in plan administrative expenses for 2023: 1.59% of average plan assets, above the peer median. Employer contributions averaged $73 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 3.53% to 1.59%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Utah (806th of 848), and 11,310th of 11,654 in professional & technical services. In 2023, employees put in $30.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$829,700
Participants with balances93
Active participants99
Employer contributions$7,203
Employee contributions$218,207
Employer contribution per active participant$73
Average account balance$8,922
Benefits paid to participants$26,609
Plan auditUnmodified (clean) audit opinion
AuditorTANNER LLC
Plan history2
Yearassets · accounts · employer contribution
2023$830K · 93 accts · $7K emplr
2022$510K · 106 accts · $792 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,666
Total administrative$10,666
The Spectrum Intermediate, LLC 401(k) match · 2023
Employer contribution per active participant$73
Median for plans this size$522
2023$73 per active participant
2022$7 per active participant

Spectrum Intermediate, LLC's 2023 employer contribution ran below the $522 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
LPL FINANCIAL · Investment advisory (plan)$2,843
WC ADMINISTRATORS LLC · Contract administrator$682
LEAFHOUSE FINANCIAL ADVISORS, LLC$509

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$10,666 · 1.59%
2022$16,165 · 3.53%
Similar plansProfessional & Technical Services · Utah
Venture Data, LLC UT$2.6M · 1.51%
Lowe Law Group UT$1.7M · 0.62%
Ishr, LLC UT$1.5M · 1.86%
MP2 Enterprises, LLC UT$718K · 4.04%
Med USA, LLC UT$649K · 0.56%
K&H Green UT$598K · 1.60%
Sparrow Electric UT$336K · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834688659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.