A Better Plan for EmployersAugust 01, 2016
At Alliant Qualified Plans, we take a very different approach to 401(k) and 403(b) plans. We offer advantages that employers will find difficult to obtain from other retirement plan providers. Our plans stand out in the small plan market by providing employers and participants alike with individualized services. In all that we do, we help our clients implement best practices for a better retirement plan.
One of our most important distinctions is that we are a true fiduciary adviser. Objectivity is the hallmark of our services and advice. As a Registered Investment Advisory firm, 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.
Distinctive among all advisors, Alliant agrees to serve as a Fiduciary Investment Manager to our plan sponsor clients as permitted under ERISA Section 3(38). To state it a different way, “we become our clients,” relieving them of the potential liability for the selection and review of their plan investments. Decisions in retirement plan lawsuits against plan sponsor fiduciaries (and awards against fiduciaries’ personal finances) most frequently result from the decisions made concerning plan investments.
Full Compliance Management
Another way we provide unmatched value is by offering full compliance management. It’s an area to which many small plans don’t have regular, coordinated access. At Alliant, we meet regularly with those responsible for day-to-day plan management, helping them understand the “ins” and “outs” of ERISA’s rules and calendaring their obligations. We also fulfill many of their compliance responsibilities and maintain an online compliance documentation vault on their behalf.
Eased Plan Administration
Administering a plan can be stressful for employers. We try to ease this burden as much as possible. Numerous reports help you track information that’s important to you. Other state-of-the-art plan management tools help you save time and avoid costly errors.
The hidden fees in most retirement plans make it difficult for employers to fulfill their fiduciary obligation to understand and ensure all plan fees are “reasonable.” At Alliant, we believe in transparency. The fees for each service your plan receives are clearly and regularly reported to you. And we present you annually with an independent benchmarking report so that you can document that you have met this important fiduciary obligation.