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Intac Actuarial Services Hosts Retirement Industry Symposium

Watch highlights from Brian Graff and other keynotes

Key Takeaways

  • Status of the SECURE Act and its effect on workplace retirement plans – Provisions of the pending legislation:
    • Allow MEPs to become the new small-business retirement plan of choice which will offer low-cost 401(k) plans for small businesses
    • IRS annual tax credit of up to $5000/year to small employers for starting a qualified retirement plan
    • Extend the deadline for adopting qualified plans by the tax filing date in the following year
  • The Wall Street Tax Act and mutual fund pricing –
    The proposal is for a transaction tax of 10 basis points (.10%) every time a security is bought or sold, with no exemption for retirement plans.
  • NJ State-run retirement plan –
    The State of New Jersey has passed a law requiring mandatory retirement plans for employers of 25+ employees, to go into effect in 2022. Companies that already offer a retirement plan can bypass this mandate, which highlights the advantage of setting up a customized, qualified retirement plan.
  • DOL update: e-delivery of required notices –
    The proposed law will enable plan administrators to send all required notices via email, which will save the retirement industry many millions of dollars.
Lee Sewrdlin

Lee Sewrdlin

Dan Kravitz

Dan Kravitz

JJ McKinney

JJ McKinney

Brian Graff

Brian Graff

Symposium seminars were presented by Lee Swerdlin of Swerdlin & Company on ESOPs, and Dan Kravitz and JJ McKinney, both of FuturePlan, on cash balance plans and outsourcing the 3(16) fiduciary role. Among the many aspects covered in their presentations, Lee and Dan addressed the evolving nature of defined benefits, potential tax upsides and downsides, and ideal circumstances for implementing these plans. JJ presented compelling reasons for plan sponsors to consider partnering with a 3(16) plan administrator fiduciary.

Check out these interview segments featuring some targeted insights from our esteemed presenters about their areas of expertise.

View The Interviews...


Denise Piretra

Intac Actuarial Services, Inc.