TRA MAKES NEWS HAPPEN

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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
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  CASE OF THE WEEK – New Self-Correction Procedures in VFCP

  February 14, 2025 - The DOL released new rules that add a self-correction process to the VFCP, effective March 17, 2025. Specifically, the new procedures permit a plan sponsor to self-correct two of the most common plan errors related to 1) delinquent participant contributions and loan repayments, and 2) eligible inadvertent participant loan failures. Continue
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  Web Resources for Plan Sponsors

  February 11, 2025 - Discover essential web resources for plan sponsors, including the IRS Retirement Plans, U.S. Department of Labor's Employee Benefits Security Administration, 401(k) Help Center, PLANSPONSOR Magazine, BenefitsLink, Plan Sponsor Council of America, and Employee Benefit Research Institute. Access vital information and tools to manage and optimize your retirement plans. Continue
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  CASE OF THE WEEK – Aggregating Individual Retirement Annuities for RMDs

  February 7, 2025 - Learn how the new annuity/account aggregation rules for Required Minimum Distributions (RMDs) can potentially reduce your total annual RMD amount. This optional method requires annuity providers to give IRA owners the present value of the annuitized portion of their IRAs. It's still uncertain if insurance companies will automatically provide this information or if IRA holders need to request it. Continue
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  Maximizing Retirement Savings & Contributions – 401(k) Tips

  February 4, 2025 - At The Retirement Advantage, Inc. (TRA), we specialize in partnering with businesses of all sizes to design and manage customized retirement plans. With our expertise, you can offer a plan that helps employees maximize retirement contributions while enhancing your benefits package. Continue