401(k) Plan

Alaska Retirement Solutions specializes in the design and management of 401(k) plans for our Alaska business community.  A 401(k) plan is a company sponsored retirement account that is offered by employers to employees.  These plans must follow all Employee Retirement Income Security Act (ERISA) regulations in order to stay compliant in the eyes of the Department of Labor (DOL).401(k)plans are often easily implemented thanks to the variety of design options available to the plan sponsor (business owner).For over 40 years, business owners have increasingly utilized the appeal of 401(k) plans to successfully recruit and retain employees.401(k) plans allow employees the option to make tax deferred contributions through automatic payroll withholdings, while simultaneously giving the employer the option to match some or all those contributions.  It is important to note that all employee contributions are tax deductible to the employee, while all employer contributions are deductible to the business.  The tax deferred status of all contributions is maintained until the withdrawal of funds from the account. With the ever-changing federal regulations, it is important to work with a plan fiduciary to properly protected the employer from regulatory compliance issues, while also proving the appropriate service to the employees as plan participants.  Alaska Retirement Solutions works on behalf of business owners as a retirement plan fiduciary while also providing low cost investment advice and planning services to all plan participants.