Absolutely. An 831(b) Plan is designed to complement a business and can be tailored to meet specific risk management and financial needs. Business owners can select from many different plan options to fill gaps in current policies and cover risks not addressed by traditional insurers.
SRA understands the complex lives of business owners. 831(b) Plans are meant to bring efficiencies to our client’s business and limit disruptions. As the plan’s administrator, SRA ensures the plan meets the four-part test and achieves the business owner’s risk mitigation goals. SRA has a defined process to assist business owners through plan implementation and ongoing plan maintenance.