• CASE OF THE WEEK – What is a “414(k) Plan?”
    September 29, 2023 - Discover the 414(k) Account: A Unique Retirement Option - A 414(k) account, a distinct subaccount within a DB plan funded by employer contributions, operates much like a DC plan and requires specific plan language to establish. Continue
  • CASE OF THE WEEK – Did SECURE Acts 1.0 and/or 2.0 Change the Deadline for Setting Up a SIMPLE IRA Plan?
    September 22, 2023 - Attention business owners! If you're keen on setting up SIMPLE IRA plans, it's crucial to know the deadline and the essential steps required for a seamless and successful establishment. Continue
  • PRESS RELEASE – The Retirement Advantage (TRA) Strengthens Distribution Team in the Southwest
    September 20, 2023 - The Retirement Advantage, Inc. (TRA), an independently owned, nationally recognized retirement services company, is thrilled to announce the addition of Jesse McLeod to their team as the newest Regional Plan Consultant (RPC). McLeod will be responsible for overseeing a territory that includes Arizona, Southern California, Hawaii, New Mexico, Nevada, and Utah, reporting directly to Darin Erdmann, TRA's Director of Sales & Distribution. Continue
  • CASE OF THE WEEK – Automatic Enrollment and Governmental 457(b) Plans
    September 15, 2023 - The inclusion of an automatic enrollment feature in a governmental 457(b) plan is contingent upon state law. To gain a clear understanding of the regulations in a specific state, it is advisable to consult with a knowledgeable professional who has a deep understanding of that state's statutes. Continue
  • CASE OF THE WEEK – Can My Client Still Set Up a 401(k) Plan for 2022?
    September 8, 2023 - The SECURE Acts 1.0 and 2.0 have introduced beneficial modifications to the rules governing plan creation and financing. One noteworthy change is the option to retroactively make first-year elective deferrals for specific unincorporated business owners, effective starting from the 2023 plan year. However, it's essential for potential investors to exercise caution and thoroughly explore the intricacies of these changes by engaging in discussions with their tax and legal advisors before committing to a plan. Continue
  • CASE OF THE WEEK – Chapter 7 vs. Chapter 11 Bankruptcy and Considerations for Retirement Plans
    September 1, 2023 - When a business files for bankruptcy, there will be unique considerations with respect to the business’s retirement plan depending on the type of filing (Chapter 7 or 11). Participants assets are always protected from a bankrupt employer’s creditors, but whether the plan continues depends on the situation. 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.