TRA MAKES NEWS HAPPEN

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  PRESS RELEASE – TRA Hires Drew Graser as New Business Development Consultant

  July 27, 2022 - TRA has a hired 26-year industry veteran, Drew Graser as a Business Development Consultant, providing relationship management for the Broker Dealer and RIA Channels. Continue
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  Plan Sponsors Ask…

  July 26, 2022 - Question: We have worked very diligently with our plan advisor to create a comprehensive plan investment lineup that offers diverse, institutionally priced funds to our employees. Has there been any noticeable trend in mutual fund expense ratios over the years? Answer: Updated research released last March from the Investment Company Institute (ICI) details just how far fees and expense ratios have fallen over the past... Continue
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  CASE OF THE WEEK – Lead Employer Leaves MEP

  July 22, 2022 - A Lead Employer may have options for leaving the MEP aside from plan termination. Be sure to check the terms of the plan document to see what alternatives—such as withdrawal—may be available. Continue
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  Making Portfolios Personal

  July 19, 2022 - A recent survey showcases the increasing desire for in-plan ESG investment options A new survey offers some key insights into why plan sponsors may want to consider building an investment lineup to meet the growing demand for sustainable options from workplace retirement plan participants. Most notably, nearly three-quarters (74%) of retirement plan participants said they would increase their contribution rate if offered sustainable investments, compared... Continue
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  Plan Sponsors Ask…

  July 12, 2022 - Question: More and more of our employees are asking about the potential to add cryptocurrency options to our retirement plan investment lineup. What is the current regulatory perspective on this? Answer: On March 10, the U.S. Department of Labor (DOL)published compliance assistance for 401(k) plan fiduciaries who are considering plan investments in cryptocurrencies. Published by the department’s Employee Benefits Security Administration), Compliance Assistance Release No.... Continue
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  CASE OF THE WEEK – IRS as Creditor

  July 8, 2022 - In most cases, 401(k) plan assets are protected from creditors—unless the creditor is the IRS.  However, IRS agents are instructed to levy against retirement plan assets only as a last resort.  Any taxpayer addressing an IRS tax levy should seek guidance from an experienced tax professional or attorney experienced in this area. Continue
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  CASE OF THE WEEK – Investment Advice Fiduciary, PTE 2020-02 and Deadlines

  July 1, 2022 - PTE 2020-02 and the (anticipated) proposed rules regarding the definition of investment advice fiduciary are separate DOL pronouncements. The DOL is delaying the release of its proposed rules with respect to the definition of investment advice fiduciary until the end of 2022. However, that delay does not affect the enforcement deadlines for PTE 2020-02. Continue