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CEFEX, Centre for Fiduciary Excellence, LLC, has renewed the certification of INTAC Actuarial Services, Inc., headquartered in Ridgewood, NJ as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers

The ASPPA Standard of Practice describes how a service provider of any size or type can help Plan Sponsors fulfill their fiduciary obligations. CEFEX uses 2 classifications: 1. in-house recordkeeping services and 2. administration services (i.e. third party administration). The Standard includes best practices for governance, organization, human resources, operations, planning, systems, and disclosure, as defined by a cross-industry task force established in 2007. The Standard is modeled after the “Prudent Practices for Investment Stewards” published by Fi360, Inc. of Pittsburgh, PA.

INTAC provides third party administration for 401k, Safe Harbor, New Comparability/Cross-tested, 403(b), Cash Balance and Defined Benefit plans. According to the Managing Director of the Centre for Fiduciary Excellence, Carlos Panksep, “Maintaining certification requires a continued adherence to the industry’s best practices. This is verified through our annual renewal assessment.”

The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site interviews with key personnel. INTAC is registered at where its certificate can also be viewed. A summary of the Standard can be viewed by clicking on the certificate.

“It is with great pride that our outstanding and hard-working team of Consultants, Operations and IT professionals continually fulfill the rigorous requirements to maintain our CEFEX certification,” states Charles Rosenberg, INTAC managing partner. “This esteemed endorsement demonstrates our firm’s highest level of commitment of trust and exceptional service to our valued clients.” INTAC, celebrating 40 plus years in business, was the first third party administration firm in New Jersey to earn this highly respected designation.

View why this designation is significant: VIDEO