Retirement plan design
Small Business Retirement Plan Solution
Consult with the experts.
Each small business has its own unique financial characteristics
Your small business (or small business client) cannot afford to waste time or money on a retirement plan that does not meet your needs. The ideal retirement program:
- Maximizes the tax efficiency of contribution dollars
- Tailors to the unique profile of both owners and staff
- Directs more benefits to owners than may be possible with a SEP-IRA or 401(k)
- Evolves as your business and personal situation changes
Customized approach provides path to retirement
Just as an architect designs a building to fit the needs of a client, we design a retirement plan program to fit yours. Milliman can provide tailor-made pension and cash balance plans that are customized to your ownership structure, finances, and time horizon to retirement.
A comprehensive package, the Small Business Retirement Plan Solution includes design, actuarial services, plan document, government filings, and administration. Sophisticated tools and streamlined processes enable us to provide a complete end-to-end solution at competitive prices.
Benefits for small business owners
Maximize retirement benefits
Take advantage of higher retirement benefits and targeted designs than are possible with a defined benefit/cash balance approach.
Generate tax savings
Leverage age and compensation profiles of owners and staff for sizeable deductible contributions.
Comprehensive support
Get guidance through every step of the life of the plan, from initial design to ongoing services to distribution of plan benefits.
Trust the experts
Deal directly with actuaries, not salespeople.
Protect your assets
Design qualified pension plans that are beyond the reach of creditors. If you choose an annuity payout, benefits are guaranteed for your lifetime.
Invest freely
Choose any investment product you wish.
Benefits for professional advisors
Work with a partner
Strategize with Milliman to help your clients generate significant retirement savings.
Diversify approaches
Meet individual business needs without cookie-cutter design plans.
Streamline processes
Plan efficiently in real time with your clients.
Maintain independence
Milliman has no stake in the investments – we leave investing to the professionals.
Related insight
Services related to Small Business Retirement Plan Solution
Defined benefit plan consulting
Meet your goals and business objectives in the face of constantly shifting markets and regulations.
Defined benefit plan administration
Maximize the value of pension benefits to participants using our decades of experience, flexible software tools, and disciplined process.
Defined contribution plan administration
Navigate the complicated maze of defined contribution administration to provide accurate recordkeeping, transparency, and compliance.
Products related to Small Business Retirement Plan Solution
Milliman Actuarial Retirement Calculator (MARC)
Administer defined benefit and cash balance pension plans with one of the industry's leading retirement planning and communication tools.
Milliman Frozen Plan Solutions
Bring your frozen corporate defined benefit plan from its current state to termination with Milliman’s consulting and modeling services.
Pension Performance Dashboard
See how movements in capital markets affect your pension plan's financial status, with real-time updates on projected funded status, and FAS expense.