 |
|
Healthcare Business Consultants
Nettlewood Professional Park
80 Peachtree Road, Suite 200
Asheville, NC 28803
(828) 277-7772 ³
Fax (828) 277-1117
Email eyelton@hbc-avl.com
Get Map/Directions to our office at:
Articles Featuring HBC President & Consultant,
Mike Brady
Medical Economics Fortune Small Business
Medical Economics
October,2006
May, 2006
September, 2007
Medical Economics
December, 2007
(Adobe Reader required to view articles)
Additional Articles of Interest
Medical Economics
September, 2007
|
| |
| |
The Cornerstone Group is a division of Healthcare Business Consultants, Inc. concentrating in Retirement
Planning.
Retirement
and benefit planning is not a quick-fix, hurry-up, do-it-yourself process.
To produce maximum results at minimum risk requires patience and
deliberation...care and circumspection...expertise and understanding.
At The Cornerstone Group, we have over 30 years of experience helping
employers navigate the confusing--even
treacherous--waters of employee benefit planning. We can make sure that the
complexity of the task does not interfere
with the scope of your vision by applying the right tools...answering the tough
questions...carrying the burdensome loads.
 |
Plan design
|
|
|
Choose optimal retirement and benefit
plans
through analysis of employer needs and
census data
|
|
|
Recommend Plan provisions
|
|
|
Assist with selection of plan document
|
|
|
Plan Implementation
|
|
|
Prepare plan document and summary plan
description
|
|
|
Submit plan to IRS for favorable
determination and DOL filings
|
|
|
Present Plan to employees
|
|
|
Plan Administration
|
|
|
Retirement plan trust accounting
|
|
|
Compliance testing
|
|
|
Contribution calculation
|
|
|
Collection of employee census data
|
|
|
|
Required government forms and
reporting
|
|
|
Distributions
|
|
|
Participant loans
|
|
|
Participant information
|
|
|
Trust document maintenance
|
|
|
Communication with
accountants/attorney
|
|
|
Employee meetings
|
|
|
Financial Planning
|
|
|
Plan distribution
|
|
|
Required minimum distribution
calculations
|
|
|
Special Events
|
|
|
Plan terminations
|
|
|
Research
|
|
|
Estate and trust planning
|
|
|
Estate administration
|
|
|
Trust accounting
|
|
|
Individual tax planning and
preparation
|
|
|
Medical Savings Accounts
|
|
Items of Interest
Roth 401k FAQ (Adobe
Reader Required)
2010 COLA Increases for Dollar Limitations on Benefits and
Contributions
Based on the
IR-2009-94 announcement from the Internal Revenue Service
| |
|
Code
Section |
2010 |
2009 |
2008 |
401(a)(17)/
404(l) Annual
Compensation |
$245,000 |
$245,000 |
$230,000 |
402(g)(1)
Elective
Deferrals |
16,500 |
16,500 |
15,500 |
408(k)(2)(C)
SEP Minimum
Compensation |
550 |
550 |
500 |
408(k)(3)(C)
SEP Maximum
Compensation |
245,000 |
245,000 |
230,000 |
408(p)(2)(E)
SIMPLE
Maximum
Contributions |
11,500 |
11,500 |
10,500 |
414(q)(1)(B)
HCE Threshold |
110,000 |
110,000 |
105,000 |
414(v)(2)(B)(i)
Catch-up
Contributions |
5,500 |
5,500 |
5,000 |
|
|
|
 |
Deborah Summey is enrolled to practice before the Internal
Revenue Service and has passed the Uniform CPA examination.
Deborah graduated with honors from the University of North Carolina at
Asheville with a BS degree in Accounting. She also has an AAS degree in
Business Administration.
Deborah is a member of the National Society of Certified Healthcare Business
Consultants, National
Institute of Pension Administrators, Institute of Management Accountants
(Past President, Asheville Chapter) and North Carolina Association of
Certified Public Accountants. She is active in community and civic
affairs and serves on the board of directors for various nonprofit
organizations.
|
Debra Johnson joined The Cornerstone Group in
2003 and is a member of the National Institute of Pension
Administrators. She is one of the few pension administrators in Western
North Carolina that holds the designation of Accredited Pension
Administrator (APA). Debra has been working in the retirement plan field
since 1988.
Debra and her husband Jeff have one daughter. She spends her free time
volunteering at her daughter’s school, seeing WNC on the motorcycle with
her husband or trail riding with her daughter.
|
|
