TRA MAKES NEWS HAPPEN

  • Lunch and Learn Seminar – Cash Balance Plans Accelerate Retirement Saving – RENO, NV
    February 25, 2020 - Odds are that you have business-owner clients who’ve told you: “I wanted to save more for retirement years ago, but I was focused on growing my business.” Or you may know highly compensated professionals who also haven’t saved enough for retirement. If you want to know how you can help clients like these accelerate retirement saving with Cash Balance Plans, please join us for an... Continue
  • SECURE Act Update – Penalties for Late Filings
    February 21, 2020 - Increase in Employer Penalties for Late Filings Although many of the SECURE Act provisions are welcomed by Plan Sponsors, such as providing more contribution flexibility and tax credits for starting a plan or adding automatic enrollment provisions to an existing plan, the Act also substantially increases penalties for failure to file Forms 5500 and 8955-SSA on a timely basis. Both the IRS and the DOL... Continue
  • SECURE Act – Tax Credit
    February 20, 2020 - New Tax Credits Available! Thanks to the SECURE Act, a new era begins for employers considering the implementation of 401(k) plans. Effective January 1, 2020, in order to encourage employers to establish 401(k) Plans, substantial tax credits will be available for employers with 100 or fewer employees. To start a 401(k) Plan, for a Plan with 20 or more Non Highly Compensated Employees, a tax... Continue
  • A Veteran TRA Regional Sales Consultant Returns
    February 19, 2020 - Phil Kennedy representing TRA once again APPLETON, WIS. (February 19, 2020) – The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading retirement plan solutions provider is pleased to announce the re-hiring of Phil Kennedy as their latest Regional Sales Consultant, covering a territory that includes Colorado, Utah, Montana, North Dakota, South Dakota and Wyoming. Kennedy will report to Jeff Schreiber, Director of Sales with TRA.... Continue
  • Expanding 401(k) Plan Coverage for Long-Term Part-Time Employees
    February 18, 2020 - It is common for a Plan Sponsor to require employees to meet minimum age and service requirements before they can make salary deferral contributions to the 401(k) plan.  The maximum age requirement is 21, and the maximum service requirement is 1 Year of Service (completion of 1,000 hours of service in a 12- month period of service). This means employees who work fewer than 1,000... Continue
  • SECURE Act Alert: Big Increases in Late-Filing Penalties
    February 11, 2020 - Many of the SECURE Act’s provisions are great for retirement plan sponsors. What’s not to like about greater contribution flexibility, tax credits for starting a plan, and the ability to add automatic enrollment? However, with these important benefits comes a potential plan pitfall: the Act substantially increases penalties for failing to file Form 5500 and Form 8955-SSA (among others) on a timely basis. Under the... Continue
  • The Retirement Advantage, Inc. Hires Trey Galuppi as Multiple Employer Plan (MEP) Specialist
    February 6, 2020 - Addition of MEP Specialist is in direct response to market demand and continued TRA company growth APPLETON, WI (February 6, 2020) – The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading national retirement services company, is proud to welcome Trey Galuppi who will serve as TRA’s Multiple Employer Plan (MEP) Specialist. Trey will report to Jeff Schreiber, TRA’s Director of Sales. Galuppi will primarily be... Continue
  • Q & A – PLAN SPONSORS ASK
    February 4, 2020 - The retirement plan industry is constantly evolving. To keep pace, plan fiduciaries should be continuously evaluating their approach to plan design and governance. In today’s environment of increased litigation and plan design innovation, having a highly effective retirement plan committee has never been so important. Continue
  • Transitioning to Retirement: How the Plan May Help
    January 28, 2020 - For decades now the typical career has consisted of approximately 40 years spent working, an “on time” retirement at age 65, and perhaps a decade spent enjoying the so-called golden years. But with better health leading to longer life spans, retirement now may last much longer — and require much more money. Today, employers and employees alike recognize that four decades of saving for a... Continue
  • SECURE Act Webinar – Bringing the SECURE Act into Focus for 2020 – Summary
    January 24, 2020 - On January 23, 2020, John Markley and Lisa Showalter helped to bring the SECURE Act into focus by stepping through highlights of the Act. Continue
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