Category Listings

  • No Comments
    intac_admin

      In this issue: Introduction Does the Plan Permit Hardship Distributions? What Qualifies as a Hardship? Are Other Financial Resources Available to the Participant? Plan Loans vs. Hardship Distributions What Funds are Available for Hardship Distribution?      Employee Deferral Accounts      Employer-Funded Accounts Documentation Taxation Conclusion It’s four o’clock on Friday afternoon and there’s a […]


  • No Comments
    intac_admin

    In this issue: Introduction Do you have copies of all the plan documents and records? Are you properly insured as a plan sponsor? Do you timely distribute required documents, notices and educational retirement fund materials to your employees? Are you depositing 401(k) deferrals and loan repayments by the required deadlines? Are you enrolling and covering […]


  • No Comments
    intac_admin

    In this issue: Introduction Background Types of Plan Documents Restatement Cycles IRS Letters Protected Benefits Restatement Process Same Gender Marriage Interim Amendments Conclusion It’s time again to participate in that never ending ritual of qualified  retirement plan restatements. As legislation affecting retirement plans is  enacted, the Internal Revenue Service (IRS) requires all plan sponsors to  […]


  • No Comments
    intac_admin

    In this issue: Introduction Background Tried it but didn’t like it Tried it, like it, but want to make a few changes Forfeitures…be careful when and how you use them Oops! Forgot to provide the safe harbor notice! Conclusion   The safe harbor 401(k) plan roared onto the scene in 1998  as a new design […]


  • No Comments
    intac_admin

    In this issue: Introduction First Things First    Leave of Absence    Inconsistent Work Schedule    Transfers Rules of the Road    Rule of Parity       Breaks in Service     One-Year Holdout Rule Putting the Rules into Play    Eligibility    Vesting Conclusion A boomerang employee (as we will use that name in this  article) is, quite simply, one who leaves and then […]


  • Down With DOMA

    December 3rd, 2013
    No Comments
    intac_admin

    In this issue: Introduction and Background The Big Decision Practical Impact on Plan Operations    Highly Compensated and Key Employees    Beneficiary Designations and Spousal Consent    Qualified Domestic Relations Orders (QDRO) A Different Type of Discrimination Conclusion IRS and Social Security Annual Limits Signed into law in 1996, the federal Defense of Marriage Act (DOMA) is a […]


  • No Comments
    intac_admin

    In this issue: Introduction A Brief History Overview of EPCRS General Principles Types of Failures Self Correction Program Voluntary Correction Program Sample Corrections for Common Failures    Exclusion of Eligible Employee from making 401(k) Contributions    Failure to Timely Update Plan Document for Law Changes Conclusion Retirement plans are complicated beasts.  The Pension Protection Act of 2006 […]


  • No Comments
    intac_admin

    August 2013 Newsletter Cross-Testing: The Right Tool for Many Jobs In this issue: Introduction Background The General Concept The Ground Rules Contribution Groups Contribution Gateway Average Benefits Test Practical Uses for Cross-Testing Rewarding Employees Reimbursing Surrender Charges or Market Value Adjustments Conclusion As the national economy continues its recovery, more and more businesses are beginning to see their financial […]


  • No Comments
    intac_admin

    June 2013 Newsletter Under Control or Out of Control In this issue: Introduction Background Affiliated Service Group Example #1 Example #2 Controlled Group Parent/Subsidiary Controlled Group Brother/Sister Controlled Group Attribution of Ownership Attribution from Company to Individual Attribution Among Family Members Putting it Together Case Study #1 Case Study #2 Making Sense of it All Conclusion […]


  • When Good Loans Go Bad

    April 3rd, 2013
    No Comments
    maggie

    April 2013 Newsletter When Good Loans Go Bad In this           issue: Introduction Background Going to the Dark Side Default Cure Period Deemed Distribution Offset Examples of Good Loans Gone Bad Loans Not Permitted Refinancing Not Permitted Loan Term Too Long Payments Never Started Payments Voluntarily Suspended Discontinued Coming Back to the Light Conclusion The economic environment […]