ROBS can be complex, which is why Guidant clients have access to comprehensive legal services. In addition to these services, you also have full audit protection, as a Guidant client. An audit of the 401(k) plan is rare. But if you are audited, you can feel confident because Guidant has the lowest audit rate in the industry.
In the event that your 401(k) plan is audited by the IRS or DOL, we offer full audit protection. This includes paying 100 percent of the cost to represent and guide you through the full audit cycle. You can rest easy knowing we have a perfect record – no client has experienced any adverse outcomes stemming from the ROBS structure when they follow our education and guidance.
401(k) plan audits are uncommon and even more so for Guidant clients. It’s unlikely that you’ll ever need our audit protection. You can think of it like car insurance: we should all have it, even though we hope to never need it!
Your Legal and Audit Services
Contract Review
Our experienced team reviews each contract to ensure it meets IRS requirements. You can rest easy knowing we’ve double-checked the details of your ROBS transaction from day one.
Annual Compliance Review
Our experienced team reviews the information in your Form 5500 and annual reporting. This is one more layer of protection and security built into our process for our clients.
Outside Counsel
During each 401(k) plan year, we pay for one hour of time with your Outside Counsel. Your outside attorney works for you – not Guidant. They serve as your counsel and can give you more insight around the details of your ROBS setup. This gets you unbiased legal advice with a specialized ERISA tax attorney.
If you’d like to contact our Outside Counsel, reach out to your account representative at 401(k)@guidantfinancial.com or 425-289-3200.