• TRA’s Simple, Cost-Effective Plan Document Maintenance Solution
    June 30, 2020 - Your clients probably don’t think much about the cost of plan document maintenance. That is, until they discover what their third-party administrators (TPAs) charge to update plan documents, which can be as much as $2,000. The issue may be on many of your clients’ minds now due to the regulatory amendments that will be required with the passage of the CARES Act and the SECURE... Continue
  • Updated Definition of Qualified Individual – CARES Act
    June 25, 2020 - The CARES Act provides loan and withdrawal relief to qualified individuals. In Notice 2020-50, the IRS updated the definition of a Qualified Individual for purposes of CRDs and CRLs. A qualified individual must meet one of the following criteria: Participant, spouse or dependent diagnosed with SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention (including... Continue
  • The Retirement Advantage, Inc. Expands National Footprint with Acquisition of PlanTech, LLP
    June 22, 2020 - APPLETON, WI (June 16, 2020) – The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading national retirement services company, today announced the acquisition of Birmingham, AL based PlanTech, LLP. “Our acquisition of PlanTech complements our overall strategy of providing flexible, market leading solutions to our clients,” said Matt Schoneman, president of TRA. “The acquisition leverages many of TRA’s existing capabilities and we look forward to... Continue
  • The Impact of the SECURE Act on Frozen Pension Plans
    June 16, 2020 - TRA's Director of Industry Relations, John Markley was recently featured in Plan Consultant Magizine - An Official Publication of ASPPA, featuring a spellbinding article on the impact of the Secure Act on Defined Benefit Plans. Continue
  • How Does the New Section 199A Deduction Work?
    June 10, 2020 - TRA's Director of Industry Relations, John Markley was recently featured in Plan Consultant Magizine - An Official Publication of ASPPA, discussing Section 199A deduction from the Tax Cuts and Jobs Act Continue
  • Plan Sponsors Ask…
    June 9, 2020 - Question: We are revamping our communications for the new year. Retirement plans and investing are complex. What’s the latest thinking on how to communicate these concepts to our varied employees in a way they will understand? Answer:  Two principles come to mind: keep it simple, and keep it positive. Invesco studied the topic of clear participant communication recently and found that the language we use... Continue
  • Supreme Court Limits Fiduciary Breach Lawsuits
    June 3, 2020 - Brian Anderson – 401k Specialist 5-4 decision announced June 1 in Thole v. U.S. Bank shuts door on wide range of fiduciary breach lawsuits by limiting the circumstances under which pension plan participants can sue The U. S. Supreme Court ruled 5-4 Monday that workers can’t accuse pension plan administrators of mismanaging their retirement savings unless they have been harmed—such as by not receiving 100%... Continue
  • The Retirement Advantage, Inc. Provides Key Information for Retirement Plan Advisors
    June 1, 2020 - Creative & Practical Solutions for Retirement Plans in COVID-19 Crisis Continue

Consider TRA's 3(16) Fiduciary Services & Plan Administration

To alleviate the day-to-day administrative burdens of yours or your clients retirement plans.