by Taylor Brown | Jul 3, 2023 | INTAC Blog
BACKGROUND: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...
by Taylor Brown | Jun 29, 2023 | INTAC Blog
BACKGROUND: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...
by Taylor Brown | Jun 28, 2023 | Hot Topics
Under Department of Labor (DOL) regulations, most retirement plans need to maintain a fidelity or surety bond. A fidelity bond protects the assets in the plan from misuse or misappropriation by the plan fiduciaries. Plan fiduciaries include the plan trustees and any...
by Taylor Brown | Jun 22, 2021 | Just the Facts
Many small businesses rely on safe harbor 401(k) plans to stay compliant with the IRS and to allow owners and key employees to maximize their salary deferrals while providing meaningful retirement savings for all participants. Plan sponsors may select a match or...
by Taylor Brown | Oct 18, 2019 | News, Newsletters
For many new Plan Sponsors, and even those savvy at running company retirement plans, understanding plan design can be daunting. Industry terminology, IRS code sections, and complicated illustrations can make understanding difficult. As a retirement plan service...