x

COVID-19 Update

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

A Better
401(k) Solution

  401(k) and 403(b) Plans Made Simple  


Secure Retirement by Design

Alliant Qualified Plans provides a consultative process backed by an ultra-high level of service and state-of-the-art technology. Learn More

Better Plans

We offer better 401(k) and 403(b) plans to help retirement plan sponsors improve their employees’ ability to build toward retirement, reduce the potential personal liability of their plan fiduciaries, and simplify plan compliance and administration.

Download Brochure



Our Differentiators

Better Plan Investments

We access the low-fee funds offered by institutional money managers.

Better Participant Experience

Better funds along with our professional investment management, broad financial education and mobile account tools result in more engaged, better invested, better prepared employees.

Reduced Liability for Plan Sponsor Fiduciaries

We accept delegation – and liability – for investment selection and monitoring under ERISA 3(38).

 

TOP 9 COMMON MISTAKES OF PLAN SPONSORS

The most common mistakes made by well-meaning companies and business owners include a failure to:

  • 1. Establish and follow written investment policies and procedures

  • 2. Understand sponsor fiduciary duties and potential personal liability

  • 3. Apply innovative plan design strategies to achieve employer/employee goals

  • 4. Monitor and replace poor investment options

  • 5. Understand and evaluate plan fees

  • 6. Administer the plan correctly, monitor periodically

  • 7. Identify conflicts of interest

  • 8. Provide employees the retirement tools they need

  • 9. Take action

  • Let’s start the conversation.


Going the extra mile

avatar The retirement-plan business is a competitive one. We deliver an “above-and-beyond” level of service that we believe all businesses should demand.

Joe Walsh heads Alliant Qualified Plans. His passion is working with employers to design and manage innovative 401(k) and 403(b) plans that meet organizational goals and employee needs. Joe’s expertise as a professional retirement plan consultant is backed by 30 years’ experience with money center banks providing clients with 401(k), investment management, pension, custody, and trustee services. This combination makes him a uniquely qualified advocate and partner for Alliant’s clients.

signature

photo
  • CONFLICT FREE | Your Fiduciary

    CONFLICT FREE | Your Fiduciary

    Objectivity is the hallmark of our services and advice – we’re conflict free today and we’ll continue to be so, just as we’ve always been. As a retirement plan sponsor, you need to have absolute confidence that your provider is impervious to the influences of third-party financial institutions.

  • PEOPLE | Commitment to You, Your Employees

    PEOPLE | Commitment to You, Your Employees

    The ability of many Americans to retire has been questioned by the news media and government leaders, as well as individuals. It is with those concerns in mind that Alliant has developed a slate of distinctive retirement plans, each with its own unique set of qualities.

  • OUR BEST | We Do Things Right

    OUR BEST | We Do Things Right

    Beginning with your goals, we help you strategically design both 401(k) and 403(b) plans to benefit your organization and your employees.

  • A LEGACY OF TRUST | Your Needs are Important to Us

    A LEGACY OF TRUST | Your Needs are Important to Us

    For more than a quarter of a century, Alliant Wealth Advisors has built a proud tradition of integrity, trust and financial excellence.

Latest News

Best Practice #7: Establishing a Regular Fee Comparison and Review Process

September 5, 2016—Welcome to the Alliant Best Practices Series for 401(k) Plan Sponsors, in which we offer 10 best-practice essentials for helping plan participants achieve retirement plan success. Here’s the seventh best practice in our series.


“This witch's brew of hidden fees, conflicts of interest and complexity in applications is at odds with investors' best interests.”

- SEC Chairman Christopher Cox

In our last post we discussed the importance of establishing a strong investment committee to implement the responsibilities laid out in the investment policy statement (IPS). It’s also important to have an established and well-documented process for comparing the fees being charged by various retirement service providers and ensuring those fees are reasonable.

There are several reasons why you need this process. First, it is in your interest to know that you are not being overcharged by service providers. Some 401(k) providers make it particularly difficult to know the full extent of fees charged to the plan – and it is in their interests not to tell you.

Second, it is part of your requirements as a fiduciary under the Employee Retirement Income Security Act (ERISA) to ensure that plan fees are reasonable. If the fees are not reasonable, several bad things will happen, and some (arguably worse) things could happen:

  1. You will be overpaying.
  2. You could be sued by your plan’s participants. This is a growing area of litigation where attorneys, such as the notable Jerome Schlichter, have won awards from their clients to the tune of tens of millions.
  3. You could be investigated and fined by the Department of Labor (DOL). The average fine ranges from $250,000 to $450,000.

There are two key ways company managers can fulfill the Department of Labor requirements regarding fee reasonableness.

  1. Perform a Request for Proposal (RFP). This is essentially a bidding process for similar service providers and is usually spearheaded by Human Resources. The RFP process can take several months - the larger the plan, the longer the process usually takes. Some company managers outsource the RFP process to third parties to save themselves the time.
  2. Enlist the services of an independent advisor to perform a benchmark of your plan’s fees. Benchmarking is a low-cost, quick, and easy alternative approach to assessing reasonableness of fees for services rendered by a provider. Benchmarking can be easily provided on a yearly basis to assist with the monitoring of fees, services, and business relationships. It’s an efficient process that delivers reliable results for decision making.

Ideally, either an RFP or a benchmark will be performed every three to five years. We at Alexandria Capital can perform both of these services for you. In addition to fee reasonableness, we can also compare your plan to others in its peer group by these other measurements as well:

  • Fund Performance
  • Participation rate
  • Company contribution
  • Number of investment options

Do you like what you’ve read so far in our Alliant Wealth Best Practice Series for 401(k) plan sponsors? We also offer a complimentary presentation to further explore these best practices with you and other key retirement-plan decision-makers at your company. Please contact us to learn more.

Tags: 401 (k), Company Retirement Plans

Home Logo 01
Home Logo 03
Home Logo 04
v
b
d

  • Home Slideshow 01
  • Home Slideshow 02
  • Home Slideshow 03

Follow us

Stay in touch on...

white
Better 401k and 403b plans