TRA MAKES NEWS HAPPEN

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  Tackle Financial Stress with Education

  March 27, 2018 - How serious is the problem of financial stress? Seventy-seven percent of Americans live paycheck to paycheck, 41% give themselves a C, D or F in personal finance, and 28% don’t pay their bills on time, according to citations in a recent white paper from Financial Fitness Group. The situation has a serious impact today, and perhaps a worse one tomorrow, considering estimates that about 1/3 of working... Continue
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  Q and A: Is the IRS still focusing on employer sponsored retirement plans?

  March 20, 2018 - Q: When the fee disclosure rules were announced a few years ago, part of the discussion was an increase in spending by the IRS to make sure plans were complying. Is the IRS still focusing on employer sponsored retirement plans? A: The IRS Employee Plans division (EP) recently announced where they will be concentrating their resources in the employer plans area for fiscal year 2018. The goal... Continue
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  5 Ways Owners Can Use The Plan

  March 13, 2018 - When asked why they haven’t set up a retirement plan or made much use of their existing plan for themselves, a common response I often get from business owners is that it’s not worth the hassle. A follow up question I typically ask is why they view retirement plans as a hassle. The answer is always the same: it’s too costly, too cumbersome, their employees... Continue
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  DISRUPTION: Transamerica’s New TPA Requirement Denotes Industry Pressures

  March 6, 2018 - By John Manganaro, PlanAdviser.com Transamerica announced recently that the services of a third-party administrator (TPA) “specializing in retirement” will be required for all new retirement plans coming onto the recordkeeping platform with less than $3 million in assets. According to an interview with Joe Boan, senior vice president and executive director, individual and workplace distribution for Transamerica, the move is meant to be a clear signal... Continue