Service
Paired cash balance/401(k) plan
Overview
Maximize retirement savings and give your team a competitive edge with Milliman's paired cash balance/401(k) plan solution. This tailored solution allows partners and owners to take advantage of higher retirement benefits, while providing your staff with a competitive 401(k) plan.
Services
Our paired cash balance/401(k) plan solution is built on the strength of 75+ years of actuarial consulting excellence along with award-winning defined contribution administration services. Together, we’ll design a custom solution to meet the unique needs of your business. Services include:
- Actuarial: Annual actuarial funding report, AFTAP certification, Form 5500 including Schedule SB, annual funding notice, discussion of valuation results, annual benefit statements, cash balance plan document preparation.
- Compliance: Participant vesting review and statements, calculation or review of additional employer contributions, completion of nondiscrimination or compliance testing, annual governmental forms (Form 5500 and Form 8955-SSA), annual required notices, and defined contribution document preparation.
- Recordkeeping: Full plan and participant level recordkeeping services
- Additional consulting: Plan design review, plan change analysis, plan mergers and terminations, discrimination testing issues, custom reporting, onsite meetings, audit responses, and communication projects.
Consider our paired cash balance/401(k) plan if you want
- Savings beyond defined contribution plan limits for owners or partners
- A competitive 401(k) plan to attract and retain staff members
- Expert support from initial design to ongoing services to benefit distribution
Resources