TRA MAKES NEWS HAPPEN

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  Plan Sponsors Ask…

  April 30, 2024 - Turbulent financial markets, inflation and global uncertainty have people and employers wondering “what’s next?” Employers are responding to these broad challenges by focusing on their employees’ overall financial wellbeing. At the same time, employers are in no hurry to adopt the optional provisions of SECURE 2.0. Instead, they are waiting for more guidance on the gray areas. While asset classes like ESG, cryptocurrency and NFTs grab the headlines, only a handful of employers are considering them. Continue
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  CASE OF THE WEEK – Regular Beneficiary Audits are a Must

  April 26, 2024 - Ensure your beneficiaries are always up-to-date. Regularly reviewing beneficiary forms with clients, especially after life changes, is crucial. Don't overlook this vital step in financial planning. Continue
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  Spring Cleaning

  April 23, 2024 - Spring isn’t just a great time to clean up your attic, basement, garage, closet or yard. It’s a great time to tidy up your retirement plan and make sure you’re covering all the bases as a plan sponsor. Continue
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  CASE OF THE WEEK – Nonprofit Mergers and Acquisitions

  April 19, 2024 - Ensure smooth transitions in nonprofit mergers and acquisitions by understanding how they affect retirement plans. State laws govern these actions, with the MNCA adopted by most states. However, seek guidance from legal advisors familiar with state laws for each entity involved. Continue
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  Plan Sponsors Ask…

  April 16, 2024 - The Profit Sharing Council of America publishes an annual benchmarking survey of HSAs that offers a great deal of insight into employee engagement. Continue
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  CASE OF THE WEEK – The Social Security Earnings Test: Are IRA Assets Earnings?

  April 12, 2024 - Learn how the Social Security Earnings Test impacts those claiming benefits before full retirement age and working. Understand how earned income affects benefits, excluding IRA distributions and pension withdrawals. Continue
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  Playing the Long Game

  April 9, 2024 - As retirement planning evolves, different ways to think about it continue to emerge. One example of this is the concept of longevity literacy, which has gained prominence in recent years. Continue
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  CASE OF THE WEEK – When Might a Cash Balance Plan be a Good Fit?

  April 5, 2024 - Discover the essential traits that make a business owner a good fit for a cash balance plan. Learn how this plan, or a combination with a defined contribution plan, can offer substantial benefits. Ensure informed decisions with guidance from a tax professional on setting up a qualified retirement plan. Continue
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  Plan Sponsors Ask…

  April 2, 2024 - Demand for CITs continues to increase among small and midsize plans, according to a recent report from Sway Research. Defined contribution investment only firms surveyed by Sway estimate that 22% of current CIT sales are generated from plans with less than $50 million in assets, with another 23% coming from plans holding between $50 million and $100 million in assets. Continue