TRA MAKES NEWS HAPPEN
CASE OF THE WEEK – Managed Account or Advisor Managed Account—What is the Difference?October 28, 2022 - Yes, there are differences between a basic managed account and the more holistic advisor managed account in a 401(k) plan. Continue
PRESS RELEASE – TRA Hires Allison Futch as Regional Sales ConsultantOctober 18, 2022 - TRA is pleased to announce the hiring of Allison Futch as their latest Regional Sales Consultant, providing retirement plan consulting services to the Texas, Louisiana, and Mississippi territory. Continue
CASE OF THE WEEK – Beneficiary Disclaimer – Is is All or Nothing?October 14, 2022 - A qualified disclaimer is an irrevocable refusal by a beneficiary, including a beneficiary of retirement assets, to accept an interest in property pursuant to IRC Sec. 2518(b). A beneficiary can refuse to accept her entire interest in property or a partial share under certain circumstances. The nuances of beneficiary disclaimers are many. Therefore, anyone interested in executing a qualified disclaimer is cautioned to seek the guidance of an experience tax and or legal advisor for his or her specific situation. Continue
CASE OF THE WEEK – Filing Form 5500 Without an Audit ReportOctober 7, 2022 - The Department of Labor’s (DOL’s) EFAST2 electronic system will accept a Form 5500 filing without the independent qualified public accountant (IQPA) audit report attached, however the DOL will treat the submission as an “incomplete filing and [it] may be subject to further review, correspondence, rejection, and assessment of civil penalties Continue
Consider TRA's 3(16) Plan Administration Relief Services (PARS)
To alleviate the day-to-day administrative burdens of yours or your clients retirement plans.