Alliant Wealth Advisors is an "essential business" under Virginia state law and we remain fully operational during the COVID-19 crisis.
To keep our clients, staff and colleagues safe we are currently holding all meetings via video conferencing. And we are alternating a small number of staff in our office while the majority serve you from their home.
Speaking of our office. Our headquarters in Prince William will relocate to the Signal Hill Professional Center at 9161 Liberia Avenue, Suite 100, Manassas, VA 20110 effective Monday, April 20, 2020.
Whether we are virtual or in person, we are here for you. Please keep safe.
Best Regards,
John Frisch, CPA/PFS, CFP®, AIF®, PPC®
President
Aptly named the SECURE Act, a law passed by Congress in the waning days of 2019 seeks to help Americans enjoy greater financial security in retirement. The Act contains a wide-ranging set of provisions. While some await the development of implementing regulation, others are immediately available for employers’ consideration and offer benefits for both their organizations and employees.
November . . . December . . . January . . . these are busy months for 401(k) sponsors whose plans have a December 31 year-end. With forethought, there’s the opportunity during this busy time to ease plan administration and avoid errors. Before you’re too far into November, consider four areas where a little effort now could reduce frustration down the road.
For employers that choose to operate 401(k) Safe Harbor Plans to encourage all employees to enjoy the tax advantages available to contributing participants, we shared two Safe Harbor Plan design options and their benefits in a previous blog. Today we’ll look at a third Safe Harbor Plan design that provides additional benefits to employers and encourages greater participation and deferrals (contributions) on the part of plan participants.
Unbeknownst to many employers, there are multiple 401(k) Safe Harbor Plan design options and benefits to each. Choosing the right design can help a company achieve important organization objectives.
July 5, 2019 - Today’s 401(k) plans offer employers a world of options. A mid-year plan review positions sponsors to identify areas where improvements are possible. Adopting new plan design features can significantly improve a 401(k) plan to meet organization needs and help employees build toward a secure financial future. Since many plan design changes require notice to participants 30 days before the beginning of a new plan year, now is a good time to schedule a review of plans with a December 31 year-end date.
June 6, 2019 - It’s a fact: surveys show employees value their company’s 401(k) plan. Here are other key survey insights into what employees want as well as tips to improve your plan in response – thus, helping your employees build toward a more secure retirement.
May 1, 2019—401(k) plan sponsors can benefit from knowing three simple insurance facts. This can help keep sponsors compliant, eliminate potential reporting errors that could trigger a DOL audit, and cover their defense if charged with imprudent plan management. Given that there’s so much for employers with company retirement plans to keep track of, these simple facts often are either unknown or forgotten . . . with plan sponsor fiduciaries exposed to potential liability.
Signing the IRS Form 5500 marks the administrative end of a retirement plan year for most plan sponsors. But don’t be tempted by your nearness to the “finish line.” Look carefully before you sign. Inaccuracies on a Form 5500 could trigger a knock on your door from the IRS or the US Department of Labor with a request to review your organization’s 401(k) plan!
