Category Listings

  • No Comments
    intac_admin

    In this issue: Introduction What is Automatic Enrollment? Eligible Automatic Contribution Arrangement (EACA) Qualified Automatic Contribution Arrangement (QACA) “Generic” Automatic Enrollment Why Automatic Enrollment? Preventing a Test Failure    Example #1    Example #2    Example #3 Encouraging Savings Conclusion McDonald’s may have been the automatic enrollment pioneer 30 years ago, but it wasn’t until 2008 […]


  • Timing is Everything

    February 3rd, 2015
    No Comments
    intac_admin

    In this issue: Introduction Depositing Employee Deferrals Depositing Company Contributions Tax Deductions Not for Profit Organizations Contribution Limits Test Corrections Safe Harbor 401(k) Plans The Ubiquitous “Miscellaneous”  Category Conclusion For years now, we have been hearing from the Department of Labor (DOL) about the importance of depositing employee 401(k) deferrals and loan payments as quickly […]


  • No Comments
    intac_admin

    In this issue: Introduction Employee Census Data Collection    Owners and Officers       Highly Compensated Employees (HCEs)       Key Employees Related Businesses Required Plan Testing    Minimum Coverage Test    Average Deferral Percentage (ADP) and Average Contribution Percentage (ACP) Tests    Top Heavy Test    Annual Additions Test Conclusion 2015 IRS and Social Security Annual […]


  • 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 […]