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Spring Issue April 2016, Volume 9 / Issue 1
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Notes from the President - Gary Zurek
Build from the past. Embrace change for the future.
Retirement plan administration in 1966 was significantly different than it is today in 2016. Can you imagine the changes that may occur over the next 10 or 20 years? We know two things for certain: technology will help
create innovative solutions for the future, and...
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 FAQ's - Karen Thompson
Why is it important to let TSC know about my upcoming merger or acquisition?
A company merger, acquisition, spin-off, sale or a change of ownership will affect your retirement plan. Employee benefit plan matters are often overlooked when one of these transactions occurs. The impact can be very different depending on...
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TSC Spotlight - 50th Anniversary
Celebrating 50 years of building successful retirement plans!
Since TSC was founded back in 1966 by Ted Giannobile, our focus has been to provide expert retirement plan administration services. Watch a short video of our history...
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 TSC Employee Bio March 15, 2016 was a sad day for the TSC family
We unexpectedly lost an incredible resource, dear friend and colleague, Jaime Calva. His desire to help make clients' plans successful for their business and for their employees kept him in the workforce long after most retire.
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Industry/Legislation Updates - Juhl Stoesz
This year promises to be a big year for regulatory changes affecting retirement plans. The Department of Labor (DOL) and the Internal Revenue Service (IRS) have both introduced new rules that would have a significant impact on the private retirement system. This article touches on some of the major changes.
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What Does This Mean? - Becky Fisher
What is a TPA?
A Third Party Administrator (TPA), such as TSC, is a company hired by an employer sponsoring a retirement plan to provide customized support for many of the day-to-day and annual requirements. These include but are not limited to:
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Of Interest - Dakota Spence-Zurek & Juhl Stoesz
America's Path to Retirement: A Brief History of Private Retirement Plans
in the United States.
The Early Years: Family Farms, Railroads, and the Pony Express. Throughout the 1700s and the early 1800s private retirement plans did not exist in the United States. The vast majority of American workers were either employed by small, family-owned business or...
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Brain Teaser
What year did TSC begin the transition to an employee-owned company?
a) 2001
b) 1966
c) 1998
d) 2016
LAST ISSUES BRAIN TEASER
The employee demographics of Company A can be broken down as follows:
a) 16 union employees whose retirement benefits are the subject of good faith bargaining
b) 3 temporary employees that are leased through a leasing organization
c) 15 seasonal employees who will never meet the plan's eligibility requirements
d) 2 independent contractors receiving income reported on Form 1099
e) 14 full and part-time employees
Question: Which employee should be reported on the annual employee census?
- All of the above
- a, b, c and e
- e
- a, b and e
- c and e
Answer: 2. a, b, c,and e
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