When we started our business, we had a goal, to provide our clients the service they need with a singular focus on them, not on any products or external motives. We believe we accomplish that goal like this:
Attention – We believe that a partnership requires open communication about the details of your life that makes your story unique. To truly understand the dreams and goals of our clients, we must be dedicated and focused on listening to your story.
Diligence – Our foundation in service is built upon delivery of services based on your needs. Hard work is at the core of everything we do. We pride ourselves on our dedication to service, and we strive everyday to embody the motto of our founders’ alma mater, Virginia Tech, “Ut Prosim” – That I may serve.
Experience – We have been honored over the years to serve clients with their diverse financial needs. We work with families and individuals on their personal finances, foundations and trusts on their institutional investments, and small businesses on their retirement plan needs. We strive to build trusted relationships, so that you are able to focus on things that are more important to you such as your family and career.
So, whether you’re looking for help in a fiduciary role, retirement planning, financial planning, or any other of the services that we provide, our team is here to help you and give you the attention, diligence and experience that you need to help you accomplish your goals.
You’ve crossed the threshold and now you want to offer your employees a retirement plan, that’s great! Or, perhaps, you want to evaluate the current retirement plan you offer for your company to see if it’s best for all parties. These decisions can be tough ones and we’re happy to help.
Here’s some facts you need to know:
The more your company grows, the less options are available to you – Once you have 10 to 15 employees, your retirement plans really boil down to two options, IRA and 401k. Both are great options with desirable benefits, but if you have higher earning employees, who can invest more, a 401k will probably be the better choice.
The 401k Discrimination Test – Offering a 401k to your employees means that you will have to pass the Department of Labor discrimination test, completed by a ton of paperwork, that could limit how much your employees can contribute to their plans.
Avoiding The Discrimination Test Could Mean Higher Costs To you – If you’re interested in offering a 401k to your employees, there is a “safe-harbor” provision available that would allow you to offer a 401k. The requirement is that you, the employer, must contribute at least 3% of pay to all participants accounts regardless of whether the participant contributes.
Obviously, there are many more factors to consider that will help you in your decision. We’re here to help you make sense of all the information and help you make the decision that is best for you. If you would like to know more, let’s talk!
Hard work is at the core of everything we do. We pride ourselves on our dedication to service and strive everyday to embody the motto of our founders’ alma mater Virginia Tech, “Ut Prosim” – That I may serve.