• CASE OF THE WEEK – Dual-Status Hospitals and Retirement Plans
    February 24, 2022 - Dual-status entities could include governmental hospital organizations that have received a determination letter from the IRS stating it is exempt from taxes under IRC Sec. 501(c)(3) and that it also qualifies as an affiliate of a government unit as described in Rev. Proc. 95-48. Continue
  • Plan Sponsors Ask…
    February 22, 2022 - Our plan committee is thinking about purchasing fiduciary liability insurance. Is a fidelity bond the same thing as fiduciary liability insurance? Continue
  • CASE OF THE WEEK – Designated Roth Account Rollover and Five-Year Rule
    February 17, 2022 - The five-year period for determining qualified distributions from a 401(k) plan Designated Roth account is determined separately from the five-year period for determining qualified distributions in a Roth IRA. For that reason, it may be advantageous for investors to make a Roth IRA contribution sooner rather than later in order to put the five-year clock in motion in the Roth IRA. Continue
  • Lower Your Tax Obligations with Cash Balance Plans
    February 15, 2022 - Many business owners and partners of firms are looking for larger tax deductions and accelerated retirement savings. Cash balance plans can help provide above-the-line deductions that directly reduce ordinary income dollar for dollar. A Cash Balance/401(k) Combo Plan can help clients save $50,000 – $250,000+ per year on a tax deferred basis while reducing the cost of staff benefits. Cash Balance/401(k) Combo Plans are ideal... Continue
  • CASE OF THE WEEK – 401(k) Excesses
    February 12, 2022 - By Jenny Kiffmeyer, J.D – The Retirement Learning Center 401(k) Excesses ERISA consultants at the Retirement Learning Center 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 the Week to... Continue
  • CASE OF THE WEEK – Remember the Saver’s Tax Credit
    February 9, 2022 - Every deduction and tax credit counts these days. Many IRA owners and plan participants may be unaware of the retirement plan-related tax credits for which they may qualify. Continue
  • Plan Sponsors Ask…
    February 8, 2022 - During our recent annual plan review, we were happy to see that the majority of our employees have continued to make contributions to their retirement accounts during COVID-19 (and very few took hardship withdrawals). Is this unique to us or was it more of a universal trend? Continue
  • Combatting Cybersecurity Threats
    February 1, 2022 - As you know cyberattacks are on the rise and no one is immune. That is why it’s vital to understand what the service providers you choose to do business with are doing to address threats to you and your employees. Nearly one-third of retirement plan recordkeepers expect to increase their cybersecurity staff, according to a recent survey. 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.