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.

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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

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Resources

Small business retirement plan resources

White paper

Why are cash balance plans used to supplement 401(k) plans for higher-paid employees?

Understanding the benefits and advantages of cash balance plans

Read the article

Article

Market-based cash balance plans (MBCBP): FAQ

We answer some FAQs to help employers decide whether to sponsor a market-based cash balance plan.

Read the white paper

Flyer

Cash balance plans 101: Overview, advantages and disadvantages

Download PDF

FLYER