• Plan Sponsors Ask…
    August 30, 2022 - Question: We are thinking of launching a series of financial wellness webinars with a goal of increasing employee engagement with our workplace retirement plan. Is there any recent research on this? Answer: The Employee Benefit Research Institute issue brief, “Field of Dreams? Measuring the Impact of Financial Wellbeing Initiatives on 401(k) Plan Utilization” summarizes the extent to which the attendance of financial wellness webinars affected... Continue
  • CASE OF THE WEEK – QACA Election
    August 26, 2022 - In a 401(k) plan with a QACA, there are exceptions to applying the QACA default deferral percentage. The best source to turn to is the plan document for the precise application of the QACA default election. Continue
  • The Time is Now for Action on SECURE 2.0 Legislation
    August 23, 2022 - A few key differences remain among the various bills, but Cardin doesn't feel any of them would be considered "radical," and thus, should be resolvable. Continue
  • CASE OF THE WEEK – Severance Pay vs. Post Severance Compensation
    August 19, 2022 - When a terminated plan participant receives an employer payment upon severance from employment, it is important to categorize the type of payment as either Post-Severance Compensation according to the terms of the plan document or severance pay to insure proper inclusion or exclusion for plan purposes. Continue
  • 2022 Retirement Plan Deadlines Approaching
    August 17, 2022 - Missing deadlines or delaying required filings can result in steep fines and can prevent participants from taking full advantage of eligible benefits. Continue
  • Plan Amendment Deadlines Extended by IRS
    August 9, 2022 - Earlier this week, on August 3, the IRS announced this deadline extension in Notice 2022-33 for amending a retirement plan to reflect the provisions of the RMD relief waiver aspect of Section 2203. Continue
  • CASE OF THE WEEK – Brokerage Window
    August 5, 2022 - Adding a brokerage window to a plan’s investment menu is not a question of good or bad, but of prudence and loyalty under ERISA standards. Continue
  • PRESS RELEASE – TRA Hires Carter Gardy as Regional Sales Consultant
    August 2, 2022 - TRA is pleased to announce the hiring of Carter Gardy as their latest Regional Sales Consultant, providing retirement plan consulting services to the Pennsylvania and the S. New Jersey territory. Continue
  • Using Your Plan to Help Attract and Retain Employees
    August 2, 2022 - More employers are enhancing their retirement plan to compete for new employees — and keep the ones they have Increasingly, plan sponsors are refreshing their workplace retirement plans to give employees both the opportunity to save more for retirement and the flexibility to use both their personal and employer contributions in innovative ways to manage their financial needs. This trend comes as employers increasingly look... 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.