TRA MAKES NEWS HAPPEN

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  PLAN SPONSORS ASK…

  May 25, 2021 - Question: We recently had a participant ask if they can repay their 401(k) loan early. Honestly, this has not come up before. What should we consider in making a decision? Because of the way loan repayments are applied in our system, we expect there would be difficulties just in terms of the technology? Answer: This is a question in which you will need a legal... Continue
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  Case of the Week – Requesting Plan Documents—What’s Included?

  May 19, 2021 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center Requesting Plan Documents—What’s Included? ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We bring Case of... Continue
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  Case of the Week – What Makes a Plan an Electing Church Plan?

  May 19, 2021 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center What Makes a Plan an Electing Church Plan? ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare. ... Continue
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  Plan Sponsors Ask…

  May 18, 2021 - Question: Our business was hanging on in spite of COVID-19, but then our area was hit by wildfires. Can employees who participate in our 401(k) plan take money out of their accounts under the COVID relief provisions? Answer: No, but there may be another solution for them. Recognizing that many businesses and employees are suffering the financial effects of fires and other natural disasters, Congress... Continue
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  PRESS RELEASE – TRA Expands Retirement Savings Opportunities with Group 401(k) Plans

  May 17, 2021 - New E-Book for Advisors Focuses on Plans & Benefits APPLETON, WI (May 17, 2021) – The Retirement Advantage, Inc. (TRA), an industry-leading third party administrator (TPA) specializing in the consulting and administration of retirement plans nationwide, introduced its new e-book exclusively for financial advisors, The Advisor’s Guide to Group 401(k) Plans: MEPs, PEPs & Aggregation Programs. The complimentary e-book is an integral part of the... Continue
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  Case of the Week – Real Estate Agents and Retirement Plans

  May 14, 2021 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center Real Estate Agents and Retirement Plans ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We bring... Continue
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  Record Gains and New Highs: There Is Some Good News, After All

  May 11, 2021 - Do you feel like you spent the last year gripping the steering wheel and waiting to see what would happen? You aren’t alone. Still, as we collectively look ahead and the chaos wanes, bits of good news are emerging. In the investing world, 2020 was a year of records and firsts. The Dow Jones Industrial Average closed out the year at well over the 30,000... Continue
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  Case of the Week – ERISA Fidelity Bond Failure—So what?

  May 6, 2021 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center ERISA Fidelity Bond Failure—So what? ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We bring Case... Continue
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  PRESS RELEASE – TRA Announces the Acquisition of John T. Toomey Associates, Inc.

  May 5, 2021 - TRA Completes Third Acquisition of 2021 APPLETON, WI (May 5, 2021) – The Retirement Advantage, Inc. (TRA), an independently-owned, top-tier national retirement services company, announced today that it has successfully completed the acquisition of John T. Toomey Associates, Inc. of Hingham, MA. “I am thrilled to announce the transaction and our continued expansion into the New England area,” stated Matt Schoneman, President and Owner of... Continue
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  COVID-19 Impacts Retirement Prospects for Each Workforce Generation

  May 4, 2021 - Let’s play a little fill-in-the-blank game. Complete the following sentence: Those poor                                             (Millennials, GenXers, Boomers)! They really got the short end of the retirement stick, especially in light of the pandemic. Which is the correct answer? Brace yourself for a difficult truth: all of them did. Here’s how. Millennials started out behind in some respects, coming of age as they did during the Great Recession.... Continue