Eight Annual Tests Qualified Retirement Plans are Required to Complete
All qualified retirement plans are required to undergo multiple tests every year. These tests are to ensure each plan is compliant with federal and state law. As plan administrators, we perform these tests for our clients. Below are eight of the most common annual...
Secure 2.0 Impact on Retirement Plans for 2024
Intac FuturePlan VP Charles Rosenberg and Compliance Manager Andrea Zimerman recently presented an informative webinar about changes to qualified retirement plans coming in 2024 and later. View the presentation to see what they covered and contact your Intac...
Changes to Form 5500 Audit Requirements Will Save Small Plans Time and Money
A revision regarding which qualified retirement plans need independent audits when filing Form 5500 takes effect this year. The update concerns how plan participants are counted and it determines what qualifies as…
CEFEX TPA Overview Value to Plan Sponsor
The very best tpa firms understand the importance of operating at the highest standard. Plan administration requires dedication to details, accuracy, and client satisfaction.
How to Handle Retirement Plan Missing Participants
Companies that offer a qualified retirement plan (a defined contribution or defined benefit plan) must often deal with the challenge of finding a missing participant. This happens when former employees do not provide current contact information, are no longer actively...
Rothifying a 401(k) Plan: Five Things Advisors and Plan Sponsors Need to Know About SECURE Act 2.0 and Roth Accounts
Some provisions in the SECURE Act 2.0 have a direct effect on 401(k) and other qualified retirement plans. The provisions outlined below are specific to the “Rothification” of certain retirement plans. These Roth-related features and options—regarding contributions and RMDs—are highly pertinent to plan sponsors and advisors with a retirement plan practice.
How Outsourcing 3(16) Fiduciary Services to Intac Futureplan Saved a Medical Practice Valuable Time and Money While Ensuring Plan Compliance
When a small business offers a workplace retirement plan, it must have the manpower to manage all the required administrative work to run the plan. When human resources are stretched, the plan sponsor can choose to outsource the company’s 3(16) fiduciary…
Cash Balance Plans, Qualified, and Nonqualified Retirement Plans: Which is Right for Your Business?
The small-business owners we serve often have questions about implementing a cash balance plan or nonqualified retirement plan. These are two distinct plans that share a common goal: to accelerate retirement savings.
Employers: You Can Add a Roth 401(k) Feature to Your 401(k) Plan
Employers that already offer a 401(k) plan to their employees can add the opportunity for them to make Roth 401(k) contributions to maximize their retirement savings.
Including Real Estate in Your Pension Plan’s Investments
Many people are aware of self-directed retirement plans for individuals (solo 401(k) plans and IRAs), which allow account owners to include many alternative assets in their plans—including real estate. This brings up the question of whether a pension plan is permitted...