A resource on current issues for Plan Sponsors and Administrators
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Benefit limits have not changed significantly from last year here are a few of the highlights
Quick and easy access to the services you need when you need them most.
The Retirement Advantage, Inc. (TRA) is a premier third party administrator (TPA) that specializes in administration, consultation and compliance of retirement plans for privately held businesses nationwide. Currently we service more than 6,000 plan sponsors, 350,000 plan participants and have more than $6 billion in retirement assets under our administration (AUA).
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When you're ready to start, request a proposal from TRA!
The Retirement Advantage, Inc. (TRA) is a premier third party administrator (TPA) that specializes in administration, consultation and compliance of retirement plans for businesses nationwide. When you partner with TRA, you gain a trusted retirement plan expert.
For over two decades, TRA has been committed to delivering results for our business partners, plan sponsors, and participants so that they can achieve their financial goals. TRA is one of the largest independently owned, privately held, third-party retirement plan administrators in the nation; because we focus on your clients’ success. Click here to see TRA at a glance.
Many people look forward to their retirement years, but they don’t put in the necessary effort or planning to ensure they have a retirement savings plan in place. At The Retirement Advantage, Inc. (TRA), we provide companies with retirement plan design and administrative services so they can help their employees prepare for this phase in their lives. Offering an exceptional retirement plan allows business owners the ability to attract higher quality candidates, giving them the competitive edge.
It is often challenging for business owners to know where to begin when it comes to hiring a 401(k) plan administrator. Often, they don’t understand how important it is to tailor retirement plans to the needs of their employees and sometimes think it’s cheaper not to offer this incentive to employees at all. While from a cost perspective this may be true, it will be more difficult to attract and retain the quality employees you need to be successful. Therefore, we recommend you explore our capabilities of designing a customized retirement savings plan that is affordable for your business and attractive to prospective employees.
We don’t expect you to be the experts when it comes to retirement planning or maybe creating a customized retirement plan for your company. That’s what we’re here for. Our experienced team of professionals will work closely with you to develop a plan that suits your business’s needs, as well as achieves retirement readiness for your employees.
Contact us today to get started on putting together a retirement package for your employees.
The complexities of offering and administrating a retirement plan are often time consuming and confusing for many small businesses to manage.
Working with your financial advisor, TRA’s dedicated retirement plan consultants, proactively provide a high level of personalized service to understand your vision for the retirement plan and quickly make recommendations that are in your best interest, while always abiding by industry compliance and ethical standards.
After we have crafted a retirement strategy that reflects your vision, business needs and resources, we specially design a service model to meet your needs. This allows TRA to seamlessly integrate into your workflow and saves you valuable time and money.
All clients are not created equal or want the same “one size fits all” approach. As part of the retirement plan services that TRA delivers, you receive a solution and process designed to meet your needs, your resources and your goals.
TRA provides all clients and partners with a dedicated single point of contact and a support team that monitors and consults with you on how to keep your plan performing to your specific goals. Our mission is simple, make the complexities of offering and administering a retirement plan easy, allowing our clients to focus on their business.
TRA has made a commitment to bring together the services that benefit plan sponsors and keep them in compliance.
TRA uses state-of-the-art quality control processes and follow-up procedures to help minimize risk 24 hours a day, 7 days a week, year after year. What’s more, the TRA Quality Team reviews every plan as a second quality check for accuracy and compliance, ensuring your retirement plan avoids any possible breaches from a Department of Labor or IRS standpoint.
As your retirement needs and government regulations change, TRA proactively takes the necessary steps to communicate how those changes will impact your retirement strategy, inform you of the optimal options and implement any plan changes as quickly as possible.
Click here to learn how you can relieve the day-to-day administrative burdens with our 3(16) Plan Administrative Relief Service (PARS).