Category Listings

  • 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 […]


  • No Comments
    intac_admin

    February 2013 Newsletter Don’t Let Missing Participants and Small Balances Become a Big Problem In this issue: Introduction Forcing Distribution of Small Balances What if the Participant’s Account Balance includes Rollovers? Check the Plan Document What about Large Balances? What if the Plan is Terminated? What about Residual Balances? What Happens when a Participant Does […]


  • The IRS Meets Letterman

    December 3rd, 2012
    No Comments
    maggie

    December 2012 Newsletter The IRS Meets Letterman In this issue: Introduction 1. Failure to timely adopt amendments required by tax law changes 2. Failure to follow the plan’s definition of compensation when determining benefits 3. Failure to include eligible employees or exclude ineligible employees 4. Failure to follow the rules related to participant loans 5. […]