Planning for Your Business

Key Issues with 401(k) Plans

Are you a decision-maker for your company’s 401(k)? Owners of closely-held businesses wear many hats: officer, employee, “chief cook and bottle washer.” One other hat you may wear is ERISA fiduciary of your company’s tax-qualified retirement plans – and that’s a hat you don’t want to forget about.

Without an understanding of the responsibilities that go with this role, fiduciary liability is just a heartbeat away. The Department of Labor considers fiduciaries as ultimately responsible for making sure their retirement plan follows all applicable laws.

If fiduciaries fail to act prudently, not only is the business subject to lawsuit, but each fiduciary – owner, director, or member of the board - is personally open to lawsuit.

Unfortunately, it’s all too easy for mistakes to be made on plan start up, or for owners to “set it and forget it,” leaving themselves open for potential problems later.

For instance, how do you know that you’re fulfilling your obligation to provide participant education to your employees? Or how do you properly assess if the Plan Manager’s fees are appropriate? These are the kinds of issues I help Plan Sponsors address.

 

What You Want when Establishing a Retirement Plan

  • Simplicity
  • Protection
  • Low Cost
  • Providing benefit to employees that means something to them
  • Maximizing personal retirement savings and tax-deferral

The problem facing most business owners in regards to their own retirement is that the IRS limits how much you can put away, in traditional “out of a box” plans. We build retirement plans that are custom-designed to allow business owners to maximize their own savings and tax-deferral.

Contact our office to find out how these strategies can help you maximize your retirement planning.

 

Other Business Solutions

  • Executive Benefits
  • Succession Planning
  • Buy-Sell Agreements
  • Key Personal insurance
  • Deferred Compensation

Contact our office to find out how we can help you protect the asset you’ve built and continue to grow.

 

Our Team

Anthony Headshot

Anthony Cipolla

Financial Adviser*

anthony@cipollafis.com

About Anthony

Anthony Headshot

Noah Beecher

Associate Financial Adviser

noah@cipollafis.com

About Noah

Anthony Headshot

Gina Mayclin

Client Service Coordinator

gina@cipollafis.com

About Gina

*Financial Adviser with Eagle Strategies LLC, a Registered Investment Adviser

 

Contact Us

50 Santa Rosa Avenue, Suite 110
Santa Rosa, CA 95404
Phone: (707) 341-4014
Fax: (707) 528-9234

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Anthony Cipolla

Financial Adviser

As your financial Adviser, Anthony will manage the financial planning process for you, helping you to identify your goals and working with you to implement a series of strategies to realize your vision for the future.

Anthony was named Young Professional of the Year in 2012 by the Santa Rosa Young Professional's Network and was one of the Northbay Business Journal's Top Forty Under Forty Professionals for 2013. In addition, he has earened numerous industry and community achievements, including Court of the Million Dollar Dollar Table* and NAIFA's National Quality Award.

He earned his Bachelor's Degree in Business with an emphasis in Finance and Economics from Sonoma State University.

Currently, Anthony serves on the Healdsburg Hospital District Finance Committee, Leadership Santa Rosa Alumni Association Board of Director's and is a member of the Santa Rosa Chamber of Commerce and NAIFA.

Anthony and his wife, Nicole, live in Windsor with their daughters Mia and Valentina.

*MDRT is recognized throughout the industry as the standard of excellence in life insurance sales performance.

 
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Noah Beecher

Associate Financial Adviser

Noah is our case analyst and planning assistant.

Noah will be your point person as you gather information during the planning process and to answer questions about your Personal Financial Website. Because having the most up-to-date and complete financial picture is crucial to the financial planning process, Noah coordinates with our clients to make sure we have all of their appropriate data. He works closely with Anthony in designing your plan.

Noah and his family (wife Tifani and three daughters) live in Santa Rosa.

 
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Gina Mayclin

Client Service Coordinator

Gina is the first person you should call if you have any questions about your financial planning process or your accounts. She ensures that our clients receive the best possible services - and keeps the office running smoothly.