• CASE OF THE WEEK – Deadline for Summary Annual Reports
    March 25, 2022 - When applicable, plan sponsors have a fiduciary duty to distribute SARs each year to participants and beneficiaries. They also have a responsibility to timely provide them upon request. Continue
  • CASE OF THE WEEK – Lump Sum Vacation Pay and Plan Compensation
    March 18, 2022 - The IRS treats the lump-sum payout of unused vacation as supplemental wages for tax purposes. As supplemental wages, a lump-sum payout of unused vacation would be included in the definition of compensation for plan purposes—unless it is explicitly excluded under the terms of the plan document. For specific tax advice, please see the guidance of a tax professional. Continue
  • CASE OF THE WEEK – How to Make a $28,000 Roth or Traditional IRA Contribution
    March 11, 2022 - The deadline for making 2021 traditional or Roth IRA contributions is April 18, 2022 (April 19, 2022), for residents of Maine and Massachusetts). That means there is a window of opportunity that allows eligible couples to double up their IRA contributions (for 2021 and for 2022) to the tune of $28,000. Continue
  • PRESS RELEASE – TRA Continues to Expand to Support Growth
    March 8, 2022 - Addition of Director of Client Services is in direct response to company growth and continued demand for TRA services APPLETON, WIS. (March 8, 2022) – The Retirement Advantage, Inc. (TRA), an industry-leading national retirement services company, is proud to welcome Mary Crothers, who will serve as Director of Client Services and will report to Michelle Zentner, Vice President of Operations. Crothers will primarily be responsible... Continue
  • CASE OF THE WEEK – Failure to Fulfill PTE 2020-02’s Requirements
    March 2, 2022 - Those who take advantage of the protections offered under PTE 2020-02 should be aware that failure to uphold the requirements could result in penalties and, potentially, loss of the PTE’s shield for a decade. Continue
  • ASK THE EXPERTS – Annie DeHaven | Director of Human Resources
    March 1, 2022 - Annie shares her experience working at TRA as well as insights for those contemplating a career move to TRA. Continue

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