Intac Actuarial Services is currently collecting new, unused toys to benefit sick children through Chai Lifeline, a non-profit organization that does everything and anything possible to help children and their families cope with the immediate and long-term impact of serious pediatric illness. Please be aware that because dreadfully vulnerable children will be receiving these gifts, it is crucial that the guidelines below are followed to ensure no risks are posed to their health and safety.

Guidelines:

1. Toys must be brand new; unopened; unwrapped
2. Toy drop box is located at INTAC's Ridgewood office location
3. Tell a friend!

Lastly, because the gift of giving does not end with the conclusion of the holiday season, INTAC will be accepting donations until January 16, 2012. When holiday excitement winds down, these children and their families continue to fight grave illness and despair; let's remind them that they will be not forgotten.

Please feel free to contact Maggie DiPalma in our office with any questions. Thank you in advance for your generosity!

You can learn more about Chai Lifeline by clicking on its logo below.

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     INTAC's

As a valued client, you automatically qualify for a host of  benefits you will not find with other TPAs. Here are just some of what INTAC's Gold Star Services include and an explanation of our commitment to your privacy:

~ Consulting for Failed & Narrowly Passed Compliance Testing - Our pension consultants are experts in designing plans that meet the specific goals of our plan sponsors. That specialized skill becomes critical during the times of pre-testing (usually mid-plan year) and testing (the few months following a plan year-end).

~ Audit Support Services - Due to the recent increase of IRS, DOL and PBGC audits in the retirement plan industry, trust that our qualified plan administrators are prepared to provide you with the necessary support you need should you ever be faced with this circumstance. Visit the Consultant's Corner to find out more.  

~ EFAST Liaison Service - As part of our Gold Star Service, if you require any assistance or have questions about the online registration process and/or the signing of your 5500 Forms, please contact our office at 201-447-2525 and request to be connected to a member of our EFAST Liaison Team who can personally walk you through the process. Check out Consultant's Corner for additional details.

~ Our Commitment to Your Privacy - INTAC's commitment to your privacy is paramount. To learn more about our policies to maintain the confidentiality and security of your nonpublic personal information, follow this link - Privacy Commitment. 

So much of what our dedicated INTAC consultants are working on to keep your plans up to speed happen behind the scenes. The INTAC Insider details some of these tasks and other notable highlights that they do. Right now, during this year-end season, here is what our Gold Star Consultants want you to know.

Please review the following important information regarding these specific year-end notices:

 Required Minimum Distributions* - 

Who in the plan does this affect? Anyone who was ever covered by a qualified retirement plan, a regular or rollover IRA, SEP and/or SIMPLE who has attained age 70� must begin taking distributions from their plans or accounts. Exception: Participants in qualified plans who are not 5% owners are permitted to defer their RMD until their actual retirement. Note that this exemption does not apply to RMDs from any IRAs.

When must the 2011 Required Minimum Distribution be made? Defined Contribution Plans:  For those non-exempt individuals who have attained age 70� in 2010 or earlier, the required minimum distribution must be taken by 12/31/11. For those individuals who have attained age 70� in 2011, the required minimum distribution must be taken no later than April 1, 2012, but may be taken earlier, i.e., before the end of 2011. Note that if the initial required minimum distribution is deferred to 4/1/12, a second distribution will still have to be taken before 12/31/2012, effectively causing a double distribution in 2012. Defined Benefit Plans: Please contact your INTAC pension consultant for more information.

 Required Filings for IRS Forms 1099-R and Form 945* - Participants who have received a distribution from the plan during the year (including direct rollovers) and/or participants who have defaulted on a loan repayment must be issued a 1099-R from the plan. If income taxes have been withheld on distributions, the filing of IRS Form 945 is also required. Form 1099-R is also needed in plans that have life insurance (for reporting the taxable PS-58 cost).

 Beneficiary Forms* - Now is the time to remind all plan participants to review the status of their beneficiary designation forms. If there is no form on file, or if they had any life changing events during the year, they should complete a new beneficiary form. It is imperative to keep your beneficiary designations up to date. Please Note: If a participant wants to change the beneficiary for a life insurance policy, retirement plan, IRA, or other benefit, he/she must use the plan's official beneficiary form rather than depending on an indirect method (such as a will or divorce decree).

*The above forms were sent to our clients earlier this month; and they are also available at our website, from the Client Portal, for retrieval anytime. For detailed instructions for the Client Portal, follow the blue instruction link. Also, as part of INTAC's Gold Star Service to our clients, if you have any questions or require assistance with completing these forms, please contact our office and request to be connected with a pension consultant, who can personally walk you through the process as needed. 

Client Testimonials 

Here's a taste of what our clients are saying about us!

"While being a client of Intac Susan McKenna has been my contact person at your office. I cannot express how satisfied I have been with her over the past 8 years. She is absolutely wonderful! Whatever problem I have she fixes immediately and offers her advice. Recently, she saved my company from a $6,500 fine from the IRS. Every time I call with a question she immediately helps me find the correct answer. I value her experience and count myself lucky to be one of her clients. I am sure you already know what an asset she is to Intac. I just wanted you to know how much I appreciate Susan. - Sincerely, Roberta"

"Beautifully done Jodie. Keeping my clients in compliance with the law is always a goal of mine. Thanks so much.  - Myron" 

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From the INTAC Family to Yours

We at INTAC are honored and grateful to be at your service.

Thank you for your confidence and allowing us to be a part of your business. 

Wishing you and your family a very happy and healthy holiday season and 

may 2012 bring you much joy and prosperity.

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