QUALIFIED PLANS

401K/QUALIFIED EMPLOYEE RETIREMENT PLANS

Our Approach

As professionals with many years of experience in corporate retirement plans, our role is to serve as your company’s advocate – helping you connect your goals with the resources you need to accomplish them.

We offer comprehensive services for a variety of defined contribution plans, including 401(k) Plans, Employee Stock Ownership Plans (ESOPs), Profit Sharing or Stock Bonus Plans, 403(b) Plans, and Simplified Employee Pension Plans (SEPs)

Our approach is based on a business model supported by three core pillars: Simplicity, Focus and Balance.

1. Simplicity

We do the Work for You

  • Evaluate your current retirement plan, a process that includes identifying places where you may be paying hidden and unnecessary fees
  • Vendor benchmarking
  • Maximize tax benefits
  • Protect you and your company’s fiduciaries from unnecessary litigation
  • Write a Request for Proposal (RFP) and analyze proposals to make sure you obtain the best solution
  • Monitor your plan investments
  • Educate and motivate your employees to participate

2. Focus

Results, Not Procedures

  • Think of us as one of your employees — one who just doesn’t happen to have an office on site.
  • Our expertise is in helping you get the results you want, and helping you understand the complex rules and regulations.
  • We sit on your side of the negotiating table to find the best retirement plan solution for your company.
  • Once your plan is implemented, we monitor it regularly to make sure it continues to meet your company’s goals over time.
  • That leaves you free to focus on what you do best: running your business.

3. Balance

Minimize Costs, Maximize Value

  • Like many business owners, you are likely concerned about plan costs.
  • Often, we are able to uncover places where you are paying unnecessary expenses and use that money to reduce your plan’s future expenses and cover other plan fees.
  • Our Retirement Plan Diagnostic is conducted at the outset of our relationship and then, on a regular basis, to determine if there are opportunities for cost savings or program enhancements. This allows us to identify strategies and elements that may have been overlooked or not kept current.

Our Process

Part of our value to you is our capability to deliver significant resources with focused solutions based on your company’s needs.

Through our years of experience working with corporate retirement plans, we have acquired a broadbased knowledge of pricing and plan providers across multiple platforms.

This enables us to offer a comprehensive suite of services and allows us to guide you in making smart, objective decisions in a wide range of areas, including:

1. RETIREMENT PLAN DIAGNOSTIC
We help you define your organization’s benefit plan and investment objectives, and review your existing program using our Retirement Plan Diagnostic.
2. RETIREMENT PLAN DESIGN
Based on our review and analysis, we design the plan. With existing plans, we recommend opportunities for cost savings or benefit enhancements by identifying strategies and elements that may have been overlooked or not kept current.
3. FIDUCIARY SHIELD
We help you meet your fiduciary responsibilities and control risk by developing a formal Investment Policy Statement. The IPS is based on your plan design and benefit structure, and establishes clear, objective criteria for selecting and monitoring investment managers and asset management strategies.
4. RFP MANAGER
We sit on your side of the negotiating table to walk you through the RFP process. We help you manage the flow of information and analyze and compare proposals to guide you in making informed and knowledgeable decisions about providers such as custodians and third party administrators.
5. EDUCATION EXPERIENCE
We manage every step of the transition from your current retirement program to your new program. We enroll your employees and educate them about the benefits of their new program. We engage their interest and participation through regular education and financial planning briefings.
6. WEALTHCARE MONITOR
We manage the health and welfare of your retirement program over its lifetime, advising you of regulatory changes, program enhancements and investment due diligence. We regularly perform Diagnostic Reviews to continually gauge your program’s performance in light of changing regulations, market conditions and your company’s situation.

Focused Solutions

Through our years of experience working with corporate retirement plans, we have acquired a broadbased knowledge of pricing and plan providers across multiple platforms.

This enables us to offer a comprehensive suite of services and allows us to guide you in making smart, objective decisions in a wide range of areas, including:

RECORDKEEPING
  • Participant-level recordkeeping/accounting
  • Employee and employer reports
  • Tracking investment allocations/changes and contribution changes
TECHNOLOGY SERVICES
  • Services that enhance plan efficiency, productivity, understanding and value
  • State-of-the-art technology
  • Web-based participant investment tools
  • Web-based employer tools
EMPLOYEE COMMUNICATIONS
  • Materials describing plan design and investing
  • Enrollment kits
  • Payroll stuffers, posters, memos
  • Newsletters
COMPLIANCE
  • Plan document
  • Summary plan description
  • Annual 5500 and pertinent schedules
  • ERISA Plan audit (if applicable)
  • Discrimination testing
INVESTMENT MANAGEMENT
  • All available investment offerings including cash, income, hybrid and equity investments
  • Open architecture
COST ANALYSIS
  • Hard dollar fees (that are a specific amount) – paid by the employer or employees, including participant recordkeeping, compliance, loan administration, hardship and distribution fees
  • Soft dollar fees (that are a specific percentage) – generally paid by employees for investment management expenses and to subsidize some or all of the administrative fees

Fiduciary Guidance

CFOs, CEOs, Presidents and other fiduciaries have personal liability for assets in the company’s retirement plan. The following chart provides an example of fiduciary considerations required of plan sponsors by two ERISA regulations passed in 2013. Additional regulations are currently being considered by Federal legislators.

To help you comply with these and other ERISA rules, we provide fiduciary guidance and tools to help you reduce your exposure to fiduciary liability.

Bridging where you are to where you want to be through timeless financial advice / Contact us today to get started!

James River Wealth Advisors
15521 Midlothian Turnpike, Suite 100
Midlothian, VA, 23113

E: inquiry@jrwealth.com
P: (804) 323-0517

Securities offered through J.W. Cole Financial, Inc (JWC) Member FINRA/SIPC. Advisory Services offered through James River Asset Management LLC. James River Wealth Advisors and James River Asset Management LLC are unaffiliated entities of J.W. Cole Financial.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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