enhanced services

non-traditional investments

Did you know that your company sponsored retirement plan can include multiple types of investment opportunities above and beyond traditional mutual funds? In addition to the mutual funds most commonly provided to your plan, your retirement plan can also offer access to ...

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audit and investigation service

If you receive a letter from the DOL or IRS, contact us immediately, we are here to help. The Department of Labor and Internal Revenue Service (IRS) have announced they are ramping up their enforcement activities, substantially increasing your chances of coming under investigation or audit.

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non-traditional investments in your 401(k) plan

Did you know that your company sponsored retirement plan can include multiple types of investment opportunities above and beyond traditional mutual funds? In addition to the mutual funds most commonly provided to your plan, your retirement plan can also offer access to:

  • * Shares/ownership in your own business
  • * Membership interest in other ventures
  • * Real estate
  • * Agriculture and maritime rights
  • * Other types of loans and liens
  • * Assets such as equipment or livestock


Why use your retirement monies to invest in non-traditional investments? Many businesses choose to make these non-traditional investment opportunities available to participants to reinvest in the growth of their own business and to minimize the inherent restrictions that come with more regulated investments. Non-traditional investments can also be a great supplement to a company sponsored retirement plan for plan participants, particularly company owners, who are interested in investments that offer greater growth potential or increased diversification. In addition, non-traditional investments allow participants to invest retirement plan money rather than other personal finances, thereby mitigating tax implications.

HOW LEADING RETIREMENT SOLUTIONS CAN HELP

Leading Retirement Solutions is a retirement plan administration firm offering access to and support for traditional and non-traditional investments in a company sponsored retirement plan. We pair nicely with your existing retirement plan administrator or we can provide a full service platform for traditional and non-traditional investments that includes plan design; compliance and government reporting; access to 24,000 mutual funds, 600 ETFs and unlimited alternative investments. We work primarily with small companies who need creative solutions that optimize for the needs of the business, company owners and plan participants.

We will play the role of your plan’s third party administrator and the provider of your online investment platform. While most other non-traditional providers only support Individual Retirement Account (IRA or Roth IRA) monies, Leading Retirement Solutions is one of the few firms able to offer our clients the flexibility and opportunities afforded by 401(k), 403(b), 457, profit sharing and other company retirement plans.

A FEW THINGS TO KNOW
Whether you are interested in exploring non-traditional investments as a component of your company’s existing retirement plan, or as a new solution in and of itself, you may have a few questions.

Can I keep my current investment advisor? Yes! Your traditional investment advisor is generally not permitted by their broker dealer to provide any consulting around non-traditional investments. Accordingly, most advisors don’t make non-traditional investments part of their offering. We can work alongside your existing advisor to provide complete design, administration and federal reporting services for these types of investments. You need not replace your entire solution to add non-traditional investments to the mix.

What kind of expertise is required to administer a non-traditional plan? The design and administration of plans that include non-traditional investments often require certain kinds of record keeping support, valuations and documentation. Our team is led by Kirsten Curry, a business and ERISA attorney, who brings with her the perspective and experience necessary to administer such a plan. Leading Retirement Solutions also manages the completion and filing of tax forms to ensure your plan remains in compliance.

Is a non-traditional investment a good fit for you? Leading Retirement Solutions regularly consults with businesses and company owners to determine what types of investments meet your goals. If you are considering the purchase of a building for your business, looking at ways of raising funds for growth or exploring income sheltering options, a non-traditional investment plan could be a good fit.

client testimonial

The owners of Sonoran Medical Centers, a Leading Retirement Solutions client, used their own 401(k) monies to purchase and build a state of the art medical facility.

“Being able to invest our retirement plan funds in our own business has provided us with a highly effective and creative financing solution. It’s also aligned plan participants with the financial success of our organization, making it a win-win. We moved our 401(k) Plan to Leading Retirement Solutions so that our plan participants could access Mutual Funds and non-traditional investments. We’re really happy Leading Retirement Solutions was able to make this happen.” – Paul Lankford, CFO for Sonoran Medical headquartered in Glendale, AZ.
Audit and Investigation Service
If you receive a letter from the DOL or IRS, contact us immediately, we are here to help.

Have you received an audit letter or inquiry from the Department of Labor (DOL) or Internal Revenue Service (IRS)? The Department of Labor and Internal Revenue Service (IRS) have announced they are ramping up their enforcement activities, substantially increasing your chances of coming under investigation or audit. LRS offers an exclusive service to help business owners; fiduciaries and others who are responsible for administering a Retirement Plan successfully navigate a DOL or IRS inquiry.

Investigations Can Be Unpredictable
DOL Investigators are generally not required to follow prescribed guidelines when initiating an investigation and requesting records from you. Investigators may send out letters requesting 12 separate documents while others ask for up to 45 separate documents or more. An Investigator can run the investigation, their inquiry and the document request at their discretion, making a DOL investigation unpredictable, time consuming and costly, including for smaller business owners.
Audits Can Be Scary
The initial formality of the interview process can come as a surprise to some interviewees, as can the scope and range of the questions asked. Before beginning an interview, DOL investigators are required to identify themselves and to show their official credentials when asked (most do this as a matter of course). Investigators are also required to inform interviewees that if the investigator discovers information involving violations of laws other than ERISA, EBSA will refer the matter to another relevant agency.
What Can Go Wrong?
Lots! In our experience, a DOL or IRS letter can be vague or overbroad and it’s not uncommon for an employer to misinterpret a DOL or IRS letter. We see employers regularly provide more information than has been requested by the Investigator, leaving the employer open to increased liability and a more prolonged investigation. An investigation will also take your attention, time and commitment away from what is most important to you…running a successful business.
How Leading Retirement Solutions Can Help?
Our experienced team will manage the process of responding to the DOL and IRS, from start to finish. We will:
  • * Respond to the DOL and IRS on your behalf, reducing your stress and saving you time
  • * Coordinate the collection and dissemination of all requested documents, with multiple service providers
  • * Prepare you and your staff for your on-site interview with a DOL or IRS investigator
  • * Review every document to make sure it contains only the information requested
  • * Attend your on-site DOL or IRS interview or attend via phone
  • * Assist with corrective actions and closing letter requirements

Thousands of retirement plans, like yours, receive a letter from the DOL and IRS each year. If you receive a letter from the DOL or IRS notifying you of their intent to investigate or audit your company sponsored retirement plan, take a deep breath and call your Leading Retirement Solutions team. We can help you. Leading Retirement Solutions is not a law firm and do not provide legal representation for an investigation or audit.

what clients are saying



“Thank you so much for all your help in pulling these documents together. I could have never done it! [We] really appreciate all of your help on this.” CFO & Owner, Seattle, WA.

“Thank you SO MUCH for your help with everything during this entire process!” Owner & President, Seattle, WA.