TRA MAKES NEWS HAPPEN
Taking Advantage of the New Tax LawsMay 29, 2018 - The dust hasn’t yet settled, but a few things about the new tax law seem clear. Employees will likely begin to notice a difference in their paychecks as early as February, and some projections put the average worker’s additional spendable income at about $2,000 per year. What they will do with that income remains to be seen. While many will be tempted to improve their standard... Continue
Markley/TRA will be at 146th Lancaster Chamber Annual DinnerMay 21, 2018 - Markley Actuarial Services, Inc., a division of The Retirement Advantage, is a proud sponsor of the 2018 Lancaster Chamber Annual Dinner. The Lancaster Chamber explains, “the Annual Dinner provides a unique forum for thousands of business and community leaders to share an evening of networking and celebration.” 2018 marks the 146th year for the annual dinner. We are looking forward to hearing the keynote speaker, Carson Wentz,... Continue
Prioritizing ProvidersMay 15, 2018 - Do you get what you pay for? It’s no secret that fee compression is a high focus in the financial services industry this day and age. Increased scrutiny continues to be placed on financial professionals and financial firms, and investors are encouraged to be informed about fees they are paying. Most would agree it is a good thing for regulatory bodies to protect consumers by... Continue
Attract Millennials with Values- Based Investment OptionsMay 8, 2018 - It isn’t surprising that average contributions are generally lower for younger 401(k) plan participants. Not only is retirement much farther down the road for them than it is for their Generation X and baby boomer colleagues, many of them struggle with more debt and less income. On average, they contribute about 5.3% of pay to their retirement plans, compared to 6.6% for Gen Xers and... Continue
Sample Qualifying Questions For Retirement Plan OpportunitiesMay 1, 2018 - When is the last time you did an independent review of your plan? It is a fiduciary requirement for plan sponsors to be governing the plan in a prudent manner for the participants. A good rule of thumb is to benchmark the plan every 3-5 years. Benchmarking involves comparing the plan’s costs, provider services, investment performance, educational programs, and fiduciary compliance with the industry’s latest... Continue
Consider TRA's 3(16) Plan Administration Relief Services (PARS)
To alleviate the day-to-day administrative burdens of yours or your clients retirement plans.