by Taylor Brown | Sep 6, 2023 | INTAC Blog
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 a large plan or a small plan. It is a game-changer for...
by Taylor Brown | Jul 27, 2023 | INTAC Blog
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...
by Taylor Brown | Jul 27, 2023 | INTAC Blog
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...
by Taylor Brown | Jul 27, 2023 | INTAC Blog
BACKGROUND: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...
by Taylor Brown | Jul 26, 2023 | INTAC Blog
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. Topline differences between cash balance and...
