TRA MAKES NEWS HAPPEN

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  CASE OF THE WEEK – Funding Children’s IRA

  July 11, 2025 - Can parents or grandparents set up Roth IRAs for their minor children/grandchildren? Learn about the key requirements, including the necessity of earned income and the role of a parent or legal guardian in establishing the account. Discover recent changes under the "One Big Beautiful Bill" impacting IRA-like accounts for minors. Continue
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  Simplify Retirement Plan Management

  July 9, 2025 - Discover TRA's Select 401(k) Pooled Employer Plan (PEP), a comprehensive and cost-effective retirement plan solution that reduces administrative costs and fiduciary risk. Benefit from enhanced features, streamlined administration, diverse investment options, and participant education resources. Continue
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  Plan Sponsors Ask…

  July 8, 2025 - Question: We are interested in any data you have regarding employees who take loans from their account. Specifically, do they tend to stop or reduce their current contributions while paying back the loan? Answer: According to Principal’s recent research report, “401(k) Loans: Debunking the Myths,” participants borrowing from their account continue to save for retirement while paying back their loan. A strong majority, 83%, continued... Continue
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  PRESS RELEASE – TRA Expands Sales Force with Appointment of Two New Regional Plan Consultants

  July 8, 2025 - TRA welcomes Dominic Trupiano and Sean Duncan as new Regional Plan Consultants (RPCs). Trupiano will cover Missouri, Kansas, and Oklahoma, while Duncan will manage the Mid-Atlantic territory, including DC, Delaware, Maryland, New Jersey, Pennsylvania, and Virginia. This strategic addition highlights TRA's commitment to delivering expert service and support nationwide. Continue
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  CASE OF THE WEEK – Mid-Year Changes to Compensation in a Safe Harbor Plan

  July 3, 2025 - Written By Jenny Kiffmeyer, J.D – The Retirement Learning Center “I have a client who operates a 401(k) safe harbor plan with a nonelective safe harbor contribution. Can the owner change the definition of compensation mid-year to remove bonuses from eligible compensation and have the plan remain a safe harbor plan if they provide a 30-day notice of the change and only apply the amended... Continue
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  CASE OF THE WEEK – Hierarchy of Pay Deductions

  June 27, 2025 - If an employer does not have a policy regarding the hierarchy of payroll withholdings, a best practice is to put one in place with the help of a tax advisor and apply it consistently. Continue
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  CASE OF THE WEEK – Sole Proprietor and PT

  June 20, 2025 - Learn about the implications of prohibited transactions (PTs) for sole proprietors with solo 401(k) plans. Understand how ERISA Titles I and II apply, the tax penalties under IRC §4975, and the necessary IRS reporting. Continue
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  CASE OF THE WEEK – Nonresident Aliens (NRAs)

  June 13, 2025 - Including NRAs with U.S. source compensation in a U.S. retirement plan is necessary, despite an NRA exclusion. Statutory exclusions allow excluding certain employees without affecting nondiscrimination testing. However, plans must cover NRAs with U.S. source income to avoid disqualification. Continue
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  CASE OF THE WEEK – What Constitutes a Termination of Employment?

  June 6, 2025 - Discover key insights from the Mauer v. Pension Committee of the NBA Referees case on what constitutes a termination of employment. Learn how courts determine eligibility for plan distributions when an employment relationship is severed, regardless of ongoing litigation or potential reinstatement. Continue
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  CASE OF THE WEEK – Missing Participants and RMDs

  May 30, 2025 - Ensure compliance and protect your 401(k) plan's tax-qualified status by addressing RMD operational failures. If participants or beneficiaries are missing, follow IRS guidance: search plan records, use locator services, and attempt contact via certified mail. Note: IRS memo guidelines do not cover other qualification requirements or ERISA laws. Continue