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.
Matt Longley Joins Defined Benefit Practice at Intac Actuarial Services, Inc.
Intac Actuarial Services, Inc., an Ascensus company (INTAC), is pleased to announce that Matt Longley has joined its distinctive team of actuaries as an enrolled actuary in the company’s defined benefit practice.
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.
INTAC ATTAINS CEFEX-ASPPA ADMINISTRATION CERTIFICATION
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
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...
Case Study: How Adding a New Comparability Profit Sharing Component to an Existing 401(k) Plan Minimized Taxes and Maximized Retirement Savings for a Small Business
A veterinarian in upstate New York has been running a successful practice for 10 years. The company is a C-corporation, co-owned by a husband and wife in their 40s who are on W-2 salary, as are five additional employees in their late 20s. The business had an existing safe harbor 401(k) plan, administered by a payroll provider, that provided a contribution of 3% of pay to its employees.
Required Minimum Distributions
How is the amount of the RMD calculated? RMDs are calculated for each account by dividing the prior December 31st balance of that retirement plan account by a life expectancy factor provided by the IRS.
How Nonqualified Deferred Compensation Benefits Employers and Employees
Employers who offer a qualified retirement plan already know that this benefit helps attract employees while helping workers build retirement savings.
Intac FuturePlan Receives Renewed CEFEX® Certification
Intac Actuarial Services, Inc., part of FuturePlan by Ascensus (Intac FuturePlan) is pleased to announce that it has been certified for the ninth consecutive year by the Centre for Fiduciary Excellence, LLC (CEFEX) as adhering to the American Society of Pension Professionals & Actuaries (ASPPA) Standard of Practice for Retirement Plan Service Providers.
Case Study: How a Cash Balance Plan Minimized Taxes and Maximized Retirement Savings for a Small Business
A successful independent, family-owned, upscale jewelry business has been in operation for nearly 50 years. The company is a C corporation, co-owned by a husband and wife who are on W-2 salary, as are five additional employees. The business had an existing safe harbor 401(k) plan that provided a contribution of 3% of pay to its employees; the plan was administered by a bundled retirement plan provider.