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Milberg Consulting LLC

Plan Design, Compliance & Administration

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.

2010 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.

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

News for April 19, 2014

Revised Limits for 2014

Learn more

Milberg on Forbes.com

About Barry R. Milberg


2010 Conversions to Roth IRAs
www.rothconversion.org

Solo 401(k) is a "Qualified" Plan Don't Wait to Exceed $250,000 Before Filing Form 5500

Learn more

Milberg on Forbes.com

401(k) Deferrals are

"Plan Assets" After 7 Days

Learn more

Plan Limits for 2013 & 2014

Limit

2013

2014

401(k)

$17,500 

$17,50

401(k) catch-up

$5,500 

$5,500 

Defined Contrib.

$51,000 

$52,000 

Defined Benefit

$205,000  

$210,000  

Compensation

$255,000  

$260,000  

Access 2014 Limits Article and Charts

Combined Cash Balance Pension
Profit Sharing/401(k)    Plans

Age

'14 Contribution Range

35

$66,499 - $118,499

40

$85,192 - $137,192

45

$109,187 - $161,187

50

$139,999 - $197,499

55

$179,574 - $237,034

60

$230,404 - $287,904

65

$237,579 - $295,079

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.