Out of nearly 4,000 submitted plans, CLA Wealth Advisors designed the award-winning 401(k) plan for CLA that was distinguished as “Best in Class.”
Minneapolis — July 29, 2015 — PLANSPONSOR magazine recently honored CliftonLarsonAllen (CLA) with the Best in Class 401(k) Award. “Best in Class” is the highest standard of excellence as judged by PLANSPONSOR’s research and editorial team. Fewer than one percent of the nearly 4,000 plan sponsors that responded to the magazine’s defined contribution survey were designated “Best in Class.”
CLA’s plan was designed by CliftonLarsonAllen Wealth Advisors, LLC. John Stiglich, CPA, CFP®, PFS, AIR®, a principal with CLA Wealth Advisors, says, “We’re excited to receive recognition for CLA’s 401(k) plan. We are passionate about every benefit plan we design, and we apply the same strategic principles to all our clients.”
Competitive field
Each of the nearly 4,000 organizations that participated in the survey was scored on more than 30 criteria, including plan design, oversight and governance, and participant outcomes. The 29 plans distinguished as “Best in Class” represent diverse industries and demographic profiles, however all were notable for their easy-to-use features.
Excellent results
CLA’s results included a 90 percent employee participation rate (compared to 77.1 percent in all other plans) with an average deferral of 7.7 percent (compared to 6.4 percent in all other plans). CLA also provides a variety of financial education opportunities. Kris Tveit, a CLA employee benefits principal, says “As a company we have been focusing on participant outcomes to evaluate the success of the plan and help our employees get ready for retirement. We were truly aspiring to be “Best in Class.”
About CLA
CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, digital, audit, tax, consulting, and outsourcing services. With nearly 9,000 people, more than 130 U.S. locations, and a global vision, we promise to know you and help you. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.