Your 401(k) + Pension Experts

A NATIONAL LEADER FOR OVER 33 YEARS IN THE DESIGN AND ADMINISTRATION OF PENSION, PROFIT SHARING AND 401(K) PLANS.

Larry Shippee

ASA, EA, MSPA


Founder and CEO


Larry Shippee brings an extensive depth of experience to the employee benefits industry. He has held the position of Chief Actuary for a national benefits consulting firm and has also served as Chief Actuary for a major life insurance company that specializes in the employee benefit marketplace. In 1987 he founded The Benefits Consulting Group, with the mission of providing a specialized, full-service approach to retirement plan support.  


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BOOK A CONSULTATION WITH LARRY

“Most businesses do not have the time or resources to devote to the operation and management of their employee benefit plans. We are focused and committed to minimizing the burden on the employer, taking care of the day to day tasks that many large financial service providers simply cannot. We work closely with your financial advisors and accountants to form a team dedicated to maximizing your objectives.”

Larry Shippee

Founder and CEO

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401(K) + Profit Sharing

The most common retirement plan used today allows employees to save for retirement with the convenience of payroll reduction.

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Defined Benefit + Cash Balance Plans

A guaranteed retirement benefit that allows for the largest tax deferrals which maximizes benefits for older employees. 

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Actuarial Consulting

From actuarial analysis to expert testimony, we have the depth of experience to help resolve complex issues. 

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What Our Clients Say

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Latest Blog


01 Sep, 2023
BCG ahead of the curve on new IRS policy.
11 Apr, 2023
Understanding new IRS withdrawal rules.
21 Nov, 2022
In 2023, employees will be able to contribute up to $22,500 a year, up from $20,500 to 401(k), 403(b) and other tax-advantaged employer savings plans. The limit on catch-up contributions for people 50 or older also rose to $7500 from $6500. That means a worker over 50 years old can contribute a maximum of $30,000 next year. The total contribution limit, which includes employer contributions, increased from $61,000 to $66,000. So, for those over 50 years old who take advantage of the catch-up contribution, that’s a maximum total of $73,500. Employee compensation limit for calculating contributions will rise from $305,000 to $330,000 and the HCE’s (Highly Compensated Employees) threshold for nondiscrimination testing will increase from $135,00 to $150,000. We have not seen these large increases in decades, we can thank inflation for that! Employers should convey these changes to their employees to encourage increased participation. To understand how these changes may affect your plan contact your pension consultant here . To see the full chart of the 2023 Plan Limits, click here .

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