Our Services
A commitment to excellence and superior customer service continues
to be the cornerstone of our practice. In fact, numerous clients have
been with us since our early beginnings.
Today, Intac performs actuarial and employee benefits services for
more than 1,000 plans ranging in size from one to 1,000 participants.
Our remarkable growth and uncompromising service attest to our
experience, reliability, innovation and personalization.
Because we are a full service consulting and administration firm,
partnering with us ensures that, to the greatest extent possible, your
needs, as well as the needs of your employees, will be completely
fulfilled.
Intac offers the full range of annual recurring retirement plan
services, and also provides assistance in analyzing and restructuring
existing plans.
Click below for details of the services provided. For a
complimentary initial consultation, call 201.447.2525 x203.
Plan Design and Implementation
Selecting, customizing and implementing a plan can be a complex
process. Our professional staff will guide you through each step of
the process including:
- Reviewing the employer's controlled group and/or affiliated
service group situation if applicable.
- Designing a plan tailored to meet the needs of the owners,
employees and the business itself.
- If taking over a plan already in existence, we will review the
existing plan provisions and recommend changes to fully meet the
employer's goals and objectives.
- Preparing plan documents as required by the IRS.
- Preparing the request for an IRS determination letter, if
applicable.
- Preparing the Summary Plan Description that is required to be
distributed to plan participants.
- Preparing customized enrollment and administrative materials.
- Conducting employee meetings to communicate the provisions of
the plan.
Defined Contribution Plan
Recordkeeping and Administration
We perform the following services in order to provide smooth and
efficient plan operation:
- Calculate employee eligibility and plan entry.
- Maintain participant vested percentage records.
- Provide assistance with the implementation of proper payroll
processing procedures, to ensure correct allocation of contributions
and loan payments according to the participant's investment
elections.
- Provide assistance with implementation of procedures in order to
process fund transfers in accordance with participant elections.
- Determine eligibility for allocation of employer contributions
and forfeitures.
- Allocate employer and employee contributions.
- Allocate plan earnings.
- Allocate forfeitures, if applicable.
- Distribution processing: Calculation of distribution amount,
preparation of required distribution notices, release forms and IRS
Form 1099-R.
- Loan processing: Set up of loan accounts, preparation of
promissory note and amortization schedule for tracking loan
repayments.
- Hardship withdrawal processing: Determination of hardship
distribution amount and preparation of application forms.
- Review financial results of plan trust accounts.
- Prepare customized participant statements.
- Provide calculations and notifications for participants who are
required to receive minimum (age 70-1/2) distributions.
Defined Benefit Plan Actuarial
Services and Administration
Our professional staff has the expertise and up-to-date technology
to provide the necessary actuarial and administrative assistance to
manage your defined benefit plan:
- Calculate employee eligibility and plan entry.
- Maintain participant vested percentage records.
- Determine eligibility to receive benefit accrual.
- Prepare annual actuarial report and certification.
- Actuarial determination of required employer contributions.
- Preparation of individual benefit statements.
- Distribution processing: Calculation of distribution amount,
preparation of required distribution notices, release forms and IRS
Form 1099-R.
Annual Compliance Testing and
Government Reporting
Our professional staff has the knowledge and expertise to help keep
your retirement plan in compliance with federal laws and regulations
and, should violations occur, provide you with methods of correction.
We provide the following services, if applicable:
- Contribution deductibility calculations (§404).
- Annual additions testing (§415).
- Top heavy testing (§416).
- Coverage testing (§410(b)).
- ADP/ACP testing (applicable to 401(k) plans).
- Preparation of IRS Form 5500 and related schedules.
- Preparation of Summary Annual Report for participants.
- Preparation of appropriate PBGC form (for defined benefit plans
only).
Consulting Services
- Plan amendments, terminations and mergers.
- Assist with IRS and DOL audits.
- Provide assistance with plan design changes.
- Conduct special plan or participant benefit studies or
projections.
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