We realize that you work hard as a business owner and have a lot of tasks on your plate. Your biggest asset is your business and at River Capital Advisors, L.C., we want you to be able to get back to what you do best, running your business and let us take care of important items like designing your firm’s retirement plan, helping you with succession planning, and trying to create an integrated approach to your business and personal financial planning.
The business retirement plan is an important part of the planning – a plan can be structured to benefit the owners and key employees, while also being an important part of the overall fringe benefit package to help in recruiting and retaining employees for the business. A properly structured retirement plan can also save taxes, build wealth outside the business for the future and be an important part of a succession plan.
We are part of the Jacksonville CPA and consulting firm, Smoak, Davis, and Nixon, LLP. Whether you are just starting a business, have been in business for many years, or are trying to exit your business we can help. Please visit our affiliated CPA firm’s website if you would like more information on our business consulting and business tax planning and preparation services.
Retirement Plans for Business Owners
One of the areas that we find is lacking for many businesses is their employer retirement plan. Many businesses have poorly structured qualified retirement plans or no plan at all. This leads to poor employee retention, impacts the ability to hire quality employees and is not beneficial from the standpoint of the business owner’s personal planning. At River Capital Advisors, L.C. we can help you setup an employer plan whether your business has one employee or hundreds. This can include Simplified Employee Pension Plans (SEP), Savings Incentive Match Plans for Employees (SIMPLE), Solo 401(k)s, traditional 401(k) and profit-sharing plans or cash balance plans.
The future of small business 401(k) plans is finally here.
The 401(k) and pension industry for small business is commoditized. Nearly all providers offer the same plain vanilla “template” plans and the same frustrating call-center support. Fees are hidden from view, plan structures do not maximize tax benefit for owners, HR teams must handle administration and plan sponsors alone bear fiduciary liability for their plan’s investments and compliance. But in December of 2019 Congress updated the pension law to permit Pooled Employer Plans (PEPs) which address all of those marketplace shortcomings. River Capital Advisors, L.C. can now better support YOU and your company 401(k) plan with our Pooled Employer Plan (“PEP”) powered by NestEggs, LLC!
A low-cost, secure bundle
- A 401(k) plan that is offered through a PEP arrangement allows businesses to pool together and lower their costs while also greatly reducing their legal liability.
- Congress requires PEP providers to take over the fiduciary liability for the plan’s investment and compliance on behalf of the adopting employers. These fiduciaries (identified under ERISA as 3(38) and 3(16)) take over critical tasks that would otherwise be the responsibility of the business owner.
Join the River Capital Advisors, L.C. PEP & Improve Your 401(k) Experience
Your decision to join the River Capital Advisors, L.C. Pooled Employer Plan will give you enhanced services, lower costs and less liability. You deserve experts who you can rely on to answer your call, to cover your blind spots and to make your life easier. Our concierge, customized offering will give you exactly that.