How MVP Helps You Reach Your Goals
Avoid the bumpy road and detours. MVP’s experts are here to make your
retirement plan’s ride as smooth as possible.
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Independent -
We answer to you. Helping you with your retirement plan needs is our purpose. -
Clear Rates -
Know what you’re paying for. Don’t let unreasonable and unknown fees in your plan derail your employees’ retirement. -
Personalized Plans -
Your retirement plan needs are unique. We’ll craft the best plan tailored to those needs.
A Bit of What Sets MVP Apart
A True Partnership
Choosing MVP means you’re getting a partner that’ll be with you every step of the way.
No Bias Equals Flexibility
The arrangement of the plan is what works best for you and your employees. We can work with your current advisor or make recommendations.
We’re the Experts
You run your company. We’ll run the plan.
Our Relationships
MVP Plan Administrators is honored to work with highly talented businesses and corporations.
"Our plan participants are more educated and hence better prepared for retirement because of the robust reporting and tools available from MVP."
Dr. Barrett Gunter, Unified Women's Healthcare
It's Time To Reach Your Goal
Quit putting off retirement plans and get started today.
Give us a ring at 1-919-465-2220 or visit our contact page.
From The Press
2024 Qualified Plans Deduction Limits
MVP Plan Administrators, Inc. is pleased to announce the Pension Plan Limitations for 2024.Elective Deferrals 402(g) for 401(k), 403(b) and 457 Plans – This limit is combined for Roth or Pre-tax deferral elections. The limit on elective deferrals (again a combined Roth or pre-tax) for participants in 401(k), 403(b) and 457 plans (excluding SIMPLE plans) remains unchanged at $23,00.Catch-up contributions 414(v)(2)(B)(i) – A participant who is at least age 50 before the end of the end of the calendar year may be eligibleto make catch-up contributions. This amount is in addition to the Elective Deferrals and can be either a Roth or Pre-tax election. The catch-up limit remains unchanged at $7,500.
Simple Plans Elective Deferrals - This limit is combined for Roth or Pre-tax deferral elections. The limit on elective deferrals (again a combined Roth or pre-tax) for participants is increased from $15,500 to $16,000.
Simple Plans Catch-up contributions - This limit is combined for Roth or Pre-tax
deferral elections. The limit on elective deferrals (again a combined Roth or pre-tax) remains unchanged at $3,500.
Limitation for Defined Contribution Plans 415(c)(1)(A) – This limitation is a total
aggregate contribution including elective deferral (Pretax or ROTH) contributions, employer contributions and forfeitures. This limit is increased from $66,000 to $69,000.
The Annual Compensation Limit under Sections 401(a)(17), 404(l) – This is the
maximum amount of compensation that may be considered for plan purposes. This limit is increased from $330,000 to $345,000.
Social Security Taxable Wage Base – This is the dollar limitation that social security tax is paid. This wage amount is also used in the formula for permitted disparity (integrated) plans and is increased from $160,200 to $168,600.
The Limitation used to define a Highly Compensated Employee under Section
414(q)(1)(B) – This is the dollar limit for determining which participants will be consideredHighly Compensated Employees. This limit is increased from $150,000 to $155,000.
The Limitation used to define Key Employee under Section 416(i)(1)(A)(i) – This is the dollar limit used for determining which participants will be considered a Key Employee for a top-heavy plan. This limit is increased from $215,000 to $220,000.