• CASE OF THE WEEK – DOL Enforcement Deadlines for PTE 2020-02
    January 27, 2022 - Financial professionals and organizations that seek relief under PTE 2020-02 should take note of the different compliance deadlines that apply as a result of FAB 2020-02. Continue
  • ASK THE EXPERTS – Chad Empey | Chief Financial Officer
    January 25, 2022 - Chad Empey, Chief Financial Officer at The Retirement Advantage, Inc. (TRA) — who oversees the company’s Finance and Human Resources teams, as well as all aspects of the company’s financial strategy and operations — shares his insights on why TRA is a great place for people focused on career development. Continue
  • CASE OF THE WEEK – Remember Plan Tax Credits for 2021
    January 21, 2022 - Tax credits for setting up a plan and having an automatic enrollment feature are great tools to help small businesses defray the costs of starting a plan. Business owners should discuss the credit with their accountants and advisors to determine if it makes sense for them to establish a plan. Continue
  • Good Vibrations
    January 18, 2022 - A recent survey of retirement plan participants shines a light on their positive perspectives — which can help inform plan changes you may be considering Released in October of 2021, American Century’s 9th Annual Survey of Retirement Plan Participants found that more workers are optimistic about their futures in 2021 than they were in 2020. Not surprising, following more than a year of dealing with... Continue
  • CASE OF THE WEEK – EINs for Qualified Retirement Plan Trusts
    January 13, 2022 - A recent call with a financial advisor from Florida is representative of a common inquiry related to qualified retirement plan trusts. The advisor asked: “Can a business owner use the company’s employer identification number (EIN) to identify the firm’s 401(k)?” Continue
  • Plan Sponsors Ask…
    January 12, 2022 - Question: We are considering adding a financial wellness program as part of our retirement plan benefit program. Unfortunately, there isn’t a lot in the budget to work with right now. Any ideas on how we might approach it? Answer: As you probably know, workers are becoming increasingly interested in financial wellness education that can help reduce financial stress and prepare them for economic uncertainty. In... Continue
  • CASE OF THE WEEK – Group of Plans or Defined Contribution Group Plans
    January 6, 2022 - The SECURE Act created a consolidated Form 5500 filing option for GoPs beginning with the 2022 plan year. The devil is in the details, as they say, and the industry anxiously awaits them. Continue
  • Bundled Versus Unbundled: Five Myths
    January 4, 2022 - While there are some amazing bundled solutions, ERISA’s admonition to act solely in the interests of plan participants (and beneficiaries), alongside the requirement that those be reasonable in terms of cost and value, call for a careful and considered evaluation. Continue
  • PRESS RELEASE – TRA Appoints Chad Empey Chief Financial Officer
    January 4, 2022 - Empey Brings Years of Expertise in Strategic Accounting and Financial Leadership APPLETON, WIS. (January 4, 2022) – The Retirement Advantage, Inc. (TRA), an industry-leading national retirement services company, is pleased to announce the appointment of Chad Empey to the position of Chief Financial Officer (CFO). Effective January 1st, 2022, Empey will oversee the company’s finance and human resource teams, as well as be responsible for... Continue

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