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Milberg Consulting
LLC
Plan Design, Compliance & Administration |
Note our new address and
WARNING!!!
We no longer update all
information on this website.
Please contact us if you desire an update
relative to any information provided. |
Retirement Plans for Small Businesses |
Milberg Consulting LLC provides consulting, compliance and remediation services for employer/plan sponsors of qualified retirement plans.
- We design retirement plans that save taxes to justify the cost associated with plan establishment, operation and employee benefits.
- We use technology to deliver on-time and cost effective services.
- We focus on the distinctive needs of small businesses.
Learn more about Qualified Retirement Plans for Small Businesses
- Our Senior Management's 75+ year combined industry tenure provides assurance that
your plan achieves its intended objectives
while maintaining its qualified status.
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Conversions to Roth IRAs |
Starting January 1, 2010, you can convert your pre-tax IRA to a
Roth IRA, regardless of your modified adjusted gross income.
FOR IMMEDIATE RELEASE
RothConversion.org
Blue Bell, PA (Dec. 28, 2009)-Barry Milberg, 29-year veteran of the pension
compliance services industry-announces the launch of a new website to share
information and opinions on the news rules for Roth IRA conversions.
Milberg, a nationally recognized expert on qualified retirement plans is
quoted on the benefits of the Roth 401(k) in Forbes and Newsweek magazines,
the Wall Street Journal, LA Times, Forbes.com, BenefitNews.com and RegisteredRep.com.
Contact Barry R Milberg at:
(800) 965-0988 ext. 101 or
bmilberg@erisaexpertise.com |
Consulting Services |
Qualified Retirement Plan Design Milberg
Consulting (MCLLC) conducts comprehensive feasibility and analysis studies to determine the appropriate plan design for each individual client situation.
As opposed
to trying to sell you a particular plan or product, our study process helps you
focus your needs and objectives for establishing and maintaining a plan. Each study includes:
- Information on available plan types, benefits and features
- Commentary on the suitability of certain benefits and features (e.g., inclusion of a loan feature)
- Optimal Plan design(s) to benefit from tax and retirement savings opportunities available under current law and regulations
- A “Tax-wise” Plan analysis
- Comments & recommendations for consideration
- A fee schedule outlining the cost to establish and maintain the proposed plan(s)
Qualified Retirement Plan Establishment
MCLLC drafts the documents to establish your qualified plan (plan document and trust agreement, summary plan description, plan amendments and plan restatements). When applicable, we prepare the requisite forms to submit the plan to the Internal Revenue Service.
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Roth 401(k): Retirement and Estate Planning
Opportunities |
Starting January 1, 2006, employers may add a Roth
401(k) option to their new or existing plans. A Roth 401(k) feature permits after-tax salary
deferrals by all eligible plan participants, regardless of their adjusted
gross income.
Investment income in Roth
401(k) accounts is 100% income tax-free, and qualified Roth 401(k)
distributions are 100% income tax-free.
Learn more
The Roth 401(k) offers
participants benefits never before available; benefits that are now available
indefinitely since the Pension Protection Act of 2006 extends
Roth 401(k) beyond
plan years ending in 2010. Learn
more
Learn more
about Roth 401(k) at:
www.roth401kinfo.com
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News for January 24, 2021
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Plan Limits for 2017 & 2018 |
Limit |
2017 |
2018 |
401(k) |
$18,000 |
$18,500 |
401(k) catch-up |
$6,000 |
$6,000 |
Defined Contrib. |
$55,000 |
$55,000 |
Defined Benefit |
$215,000 |
$220,000 |
Compensation |
$270,000 |
$275,000 |
Access 2018
Limits Article and Charts
Combined Cash Balance
Pension
&
Profit Sharing/401(k)
Plans
|
Age |
Estimates for 2017 |
35 |
$69,824 - $123,824 |
40 |
$89,452 - $143,452 |
45 |
$114,646 - $168,846 |
50 |
$146,999 - $206,999 |
55 |
$188,553 - $248,553 |
60 |
$241,924 - $301,924 |
65 |
$249,458 - $309,458 |
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Access
2017 Combined Cash Balance Pension and
Profit Sharing/401(k) Plans' Maximum
Benefits & Contribution Limits |
Administration, Actuarial Recordkeeping & Compliance |
Annual Services include but may not be limited to:
- Employee and employer Data Request
- Administrative Report includes:
- - Cover Letter and Executive Summary
- - Trust income statement & balance sheet
- - Summary of Plan Specifications
- - Employee Eligibility Determination
- - Contribution Calculation by
Money Type
- - Allocation of Investment Gains/Losses
- - Calculation of Vested % and Amount
- - All 401(k) and Nondiscrimination Testing
- - Top-heavy, Coverage & Cross-testing
- - Actuarial Calculations, if applicable
- Participant Certificates
- DOL/IRS Form 5500 with all attachments
- DOL Disclosure to Participants
- IRS Form 1096/1099-R
Remediation Services
Milberg Consulting also assists employer/plan sponsors with non-compliant
plans resulting from failure to comply with the rules and regulations governing
qualified plans.
Contact us
for additional information on non-compliant plan
remediation or relief from fiduciary violations.
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