TRA MAKES NEWS HAPPEN

  • The Retirement Advantage Hires New York / New Jersey Regional Sales Consultant
    April 18, 2019 - APPLETON, WIS. (April 18, 2019) – The Retirement Advantage, Inc. (TRA), an industry-leading national retirement services company is pleased to welcome Sean Czepiel to their Regional Sales Consultant team, reporting to Jeff Schreiber, TRA’s Director of Sales. Czepiel will be partnering with financial advisors and wholesalers in this area to design and implement optimal retirement plan concepts for privately-held businesses. “This is a great time... Continue
  • Will A Cash Balance Plan 401(k) Combo Secure Your Retirement?
    April 16, 2019 - Tax deductions are hard to come by, especially those that directly reduce ordinary income dollar for dollar. With many federal, state and local tax increases in place, Cash Balance Plans now have a greater impact than ever, reducing your tax burden and accelerating retirement savings. Small business owners can play catch up for retirement and dramatically reduce their tax liability with a stacked approach to... Continue
  • What is the deadline for an employer to adopt a restated version of an IRS pre-approved plan?
    April 11, 2019 - A pre-approved retirement plan is a plan sold to employers by a document provider such as a financial institution or benefits practitioner. The document provider is the “pre-approved plan provider.” The document provider requests IRS approval (“pre-approval”) of a defined contribution or defined benefit plan document as meeting the requirements of Internal Revenue Code Sections 401, 403(a) or 403(b). The pre-approved plan provider then makes the IRS-approved... Continue
  • The Importance of Financial Wellness
    April 11, 2019 - Surprising employer response in 2018 It’s interesting to compare changes year by year, but over time is when real results emerge. That’s often true in retirement plans; while there may be small, incremental changes in enrollment, investments and plan design one year to the next, comparing decades can be much more illuminating. One example is the popularity of target-date funds. These are funds which gradually... Continue
  • Q & A – Plan Sponsors Ask
    March 12, 2019 - Question: Many of our employees are young and carrying debt related to their education. As we implement our financial wellness and retirement communications, we’d like to address the question we sometimes hear about whether it’s better to channel income toward paying off loans or into the 401(k) plan. What are your thoughts? Answer: Like so many other choices in life, this one is complicated. The best answer is,... Continue
  • Nothing is Certain for the Retiree But…. Taxes
    March 7, 2019 - By David E. Rosen* If you live or work in the United States, you are subject to taxation by the federal government and the state government of the state where you live. Here’s the bright side of paying income taxes: you must have made some money if you owe taxes. But even during retirement, when your income is likely to be lower, you are obligated... Continue
  • Squeeze Play: Gen Xers Especially Feel the Pinch
    March 5, 2019 - Saving for retirement can challenge the best of us. For one group of employees, the challenge seems particularly daunting. Your mid-career colleagues, those between 36 and 56 years of age, may sometimes feel the odds are stacked against them. They are squeezed by their own debt, financial obligations to children who are not yet grown, and often, financial demands of aging parents. How, they may... Continue
  • Open MEPs Will Be a Retirement Plan Market Disruptor
    February 26, 2019 - By Rebecca Moore – PLANSPONSOR A reiteration of the Retirement Savings and Enhancement Act (RESA), the major provisions of which would open the door for use of multiple employer plans (MEPs) for unrelated employers, was recently introduced in the House of Representatives. During a webcast hosted by Ignites, Pete Swisher, senior vice president and national practice leader at Pentegra Retirement Services, in White Plains, New York, said... Continue
  • Tying HSAs to Retirement Savings
    February 19, 2019 - By Rebecca Moore from PLANSPONSOR Kelley Long, certified financial planner with Financial Finesse, shared information to help employers promote health savings accounts (HSAs) as a retirement savings tool for employees. A key problem with promoting health savings accounts (HSAs) as a retirement spending vehicle is that they are tied to medical benefits, and so that’s how participants think about them, Kelley Long, certified financial planner with... Continue
  • The Retirement Advantage, Inc. Acquires Quality Pension Services, Inc.
    February 14, 2019 - TRA Announces Purchase of Quality Pension Services APPLETON, WI (February 14, 2019) – The Retirement Advantage, Inc. (TRA), an independently owned, industry-leading national retirement services company announced today the acquisition of Quality Pension Services, Inc., a pension administration firm, headquartered in Chico, CA. With the completion of the acquisition on February 1, 2019, TRA has taken another step in its commitment to grow and service... Continue

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