TRA MAKES NEWS HAPPEN

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  CASE OF THE WEEK – Fidelity Bond vs Fiduciary Liability

  April 11, 2025 - ERISA fidelity bonds and fiduciary liability insurance are two distinct coverage plans. An ERISA fidelity bond is required by law; fiduciary liability insurance is optional, but potentially a prudent safety net. Continue
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  Plan Sponsors Ask…

  April 8, 2025 - Learn how often you should benchmark your 401(k) plan fees. Discover insights from Callan’s 2024 DC Trends Survey and understand the importance of conducting an annual fee study to ensure your plan remains cost-effective and compliant with fiduciary responsibilities. Continue
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  CASE OF THE WEEK – HCE Compensation

  April 4, 2025 - For calendar year plans, the IRS posts the 2025 HCE dollar threshold to be used in 2026 testing. Employees with compensation over $160,000 in 2025 are considered HCEs for 2026. Check the chart for detailed employer plan limits for 2025 and 2024. Understand the importance of HCE determination for nondiscrimination tests like the ADP test, based on ownership and compensation criteria. Continue
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  CASE OF THE WEEK – Retroactive First Year 401(k) Plan Deferrals of Sole Proprietors

  March 28, 2025 - Discover the deadline for sole proprietors to establish and contribute to a new 401(k) plan for 2024. Learn about SECURE Act 2.0 provisions allowing retroactive employee salary deferrals and the requirements for eligibility. Continue
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  The Pooled Employer Plan Advantage: Simplifying Retirement for Businesses

  March 25, 2025 - A PEP employer plan could be the key to simplifying your company’s retirement benefits while improving cost efficiency and compliance. If you're ready to learn more about how a PEP retirement plan can benefit your business, visit our webpage on PEPs and, specifically, our TRA Select 401(k) PEP solution! Continue
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  CASE OF THE WEEK – SIMPLE Catch-Up

  March 21, 2025 - Understand the catch-up contribution limits for SIMPLE IRA plans with special small employer increases. Learn about the regulations for participants aged 50-59 and 60-63, including the impact of SECURE 2.0. Find out the specific limits for 2025 and beyond. Continue
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  CASE OF THE WEEK – Using 529 Rollovers to Combine Accounts

  March 14, 2025 - Discover the key points about 529 plans, including the 60-day rollover rule which allows direct or indirect rollovers between 529 plans for the same beneficiary only once every 12 months. Learn about the tax benefits and flexibility of 529 plans, including beneficiary changes and contributions. Continue
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  CASE OF THE WEEK – Reclamation

  March 7, 2025 - Learn about the government’s reclamation process for recouping Social Security benefits paid in error. Understand how funds are reclaimed from bank accounts and the steps to reverse erroneous transactions. Continue
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  CASE OF THE WEEK – “It’s A Sham”

  February 28, 2025 - Discover the critical factors that determine whether a severance of employment is genuine or a "sham" in the context of retirement plan distributions. Learn about IRS guidelines, potential risks of impermissible distributions, and the importance of following plan documents to avoid disqualification and adverse tax consequences. Continue
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  CASE OF THE WEEK – 242(b)(2) Election

  February 21, 2025 - Learn whether plan participants can skip required minimum distributions (RMDs) with a valid Section 242(b)(2) election under the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). Discover eligibility criteria and the impact of transitional rule elections on modern-day RMD requirements. Continue