Rollover Business Start-Up & Investment Accounts
Now that you have funded your business purchase with the roll over business start-up 401k, it is time to open investment accounts for you and your eligible employees. Our goal is to provide a traditional 401k experience to attract and retain your valuable employees. Alpha Capital Management Group specializes with investment solutions with your type of ROBS 401k and understands what you are trying to accomplish. Importantly, our structured approach helps keep your 401k plan in compliance with IRS and Department of Labor rules.
You are required to offer your employees your 401k plan at the point of eligibility and each open enrollment period thereafter as long as they are employed by you. Failure to do so could make you liable for fines and penalties.
If your eligible participants wish to take advantage of the 401k benefit along with your company match provision they can do so by electing to make deferrals directly from their payroll check. Deferrals can be designated to be pretax or Roth after-tax depending on your particular plan design. A separate 401k account must be established on their behalf.
Payroll contributions must be deposited timely and consistently. We recommend that employee contributions be deposited no longer than 7 days from pay date.
Once enrolled, the employees make their own investment choices. It is important to provide a suitable menu of investment choices to accommodate a wide range of individual objectives such as age, risk tolerance, and asset classes. The investment menu should be monitored on a regular basis.
The process of managing eligibility and investment choices is ongoing for the life of your 401k plan.
Dedicated Implementation Specialist to get investment accounts opened.
Enrollment meetings both initially and for the life of your 401k plan.
Dedicated Customer Service Representative ongoing for the life of your 401k plan.
Individual participant accounts and websites:
View and manage changes to your investments.
Run reports and statements.
Keep beneficiary information.
Manage rollovers and roll in’s.
Quarterly plan-level investment reviews and monitoring
Quarterly participant Communications:
Investment Guides to help with investment choices.
Participant newsletters and video’s.
Direct access to advice from a financial advisor.
Access to low-cost institutional share class investment choices.
Fiduciary liability coverage with our 338 Investment menu.
Participant notice generation.
404(a)(5) fee disclosure.
Assistance with Rollovers and Roll In’s
Owner/Plan Administrator account access.
ACH payroll file contributions.
Manage participant census and eligibility.
Run reports needed for annual 5500 filing.