DeSales Associates is an actuarial and management consulting firm located in Pepper Pike, Ohio.

A creative and imaginative problem solving approach together with an orientation that seeks out opportunities to add value have contributed to the firm's rapid growth.  DeSales Associates is unique among benefits consulting firms in its commitment to apply mathematical optimization techniques and the latest technological developments in solving problems confronting managers in finance and human resources.

Founded in 1993, practice areas include:

  • Qualified and Non-Qualified plans

  • Defined Benefit plans

  • Cash Balance plans

  • Defined Benefit / Defined Contribution Combination  plans

  • GASB 43/45 valuations

  • SOP 92-6 valuations

  • Group benefit plans

  • Health care consulting, modeling, and forecasting

  • Asset/liability management

  • Applications software development

 

Under a combination of a defined benefit plan and a 401(k) plan, 2008 deductible amounts for a sole proprietor are illustrated below.

 

Approximate 2008 Maximum Tax-Deductible Contributions

(a)

Attained

 Age

in 2008

(b)

Defined

Benefit Plan Minimum

(c)

Profit Sharing

Plan

(d)

401(k)

 Salary

Deferral Plan

(e)

 

Catch-up

Contribution

(f)

Maximum

Total:

(b)+(c)+(d)+(e)

30

47,600

 13,800

15,500

-0-

76,900

35

65,300

 13,800

15,500

-0-

94,600

40

92,700

 13,800

15,500

-0-

122,000

45

129,100

 13,800

15,500

-0-

158,400

50

203,100

 13,800

15,500

5,000

232,400

55

239,800

 13,800

15,500

5,000

269,100

60

260,000

 13,800

15,500

5,000

289,300

65

237,000

 13,800

15,500

5,000

266,300

Contribution amounts can be structured to meet your needs! If you need more information or would like to receive a free consultation for developing a contribution strategy and plan design that helps you realize your tax and savings objectives, call DeSales Associates toll free at (888) 595-3940 and ask for Julius Smetona.