TRA MAKES NEWS HAPPEN

  • Plan Sponsors Ask…
    September 22, 2020 - Q: We were considering doing a re-enrollment in our 401(k) plan before the pandemic hit. Should we go ahead this fall as planned, or wait until next year? A: Sadly, our crystal ball isn’t working so we don’t know for sure what challenges may lie ahead. But the fundamental reason to do an investment re-enrollment has not really changed: some participants may be keeping their... Continue
  • 401(k) Plans Remain Important for Employees’ Futures
    September 15, 2020 - There is a lot of conversation lately reminding employees and participants of the fundamental reasons to contribute to their own retirement through their 401(k) plan, as well as why they should stay invested even during tough economic times. Times are tough for employers, too. With that in mind, here is our reminder for you about the importance of providing a 401(k) plan. Although the ride... Continue
  • Case of the Week – 9/8/20
    September 8, 2020 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center Plan Permanency ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We bring Case of the Week... Continue
  • Case of the Week – 8/26/20
    August 26, 2020 -  By Jenny Kiffmeyer, J.D – The Retirement Learning Center SSA’s “Heads Up” on Private Pension Benefits ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We... Continue
  • Fiduciary Issues and Coronavirus: What You Should Know
    August 25, 2020 - They may have moved to the figurative back seat for a while, but retirement plan fiduciary issues  did not stop during the Coronavirus pandemic. As you sift through what has happened in the last few months, you’ll want to pay close attention to fiduciary responsibilities with your 401(k) plan. Fallout from previous recessions demonstrated, for example, the folly of requiring (perhaps even overencouraging) participants to... Continue
  • Plan Sponsors Ask…
    August 18, 2020 - Q: Our small company has, of course, suffered due to the Coronavirus. A few employees who had to take pay cuts are considering applying early for their Social Security benefits, rather than continuing to work at reduced pay. Where can we point them for information about this decision? A: SSA.gov has the most up-to-date, accurate and complete information available on the subject of Social Security.... Continue
  • Plan Sponsors Ask…
    August 12, 2020 - Q: Participants seem to need help figuring out the best approach to take with their 401(k) plan investments. How can we help them? A: Many employers share your concerns, because financial decisions today will undoubtedly have considerable impact on future retirements. Your desire to help is commendable. But it’s important that you know the difference between providing financial education and financial advice, and that your... Continue
  • Case of the Week – 8/11/20
    August 12, 2020 - By Retirement Learning Center Form 5500 and the Automatic Filing Extension ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock options, and Social Security and Medicare.  We bring Case of the Week... Continue
  • Communicating Through Volatility
    August 11, 2020 - Here are reminders to share with participants that could help them alleviate their fears. Doing so may be a critical factor in their long-term financial well-being. Continue
  • Notice 2020-51: The How-To Guide on Waiving and Rolling Over 2020 RMDs
    July 17, 2020 - By Jenny Kiffmeyer, J.D – The Retirement Learning Center The IRS released Notice 2020-51 on June 23, 2020, in an effort to answer outstanding questions surrounding the waiver of required minimum distribution (RMDs) from retirement plans for 2020 brought about by the Coronavirus Aid, Relief, and Economic Security (CARES) Coronavirus Aid, Relief, and Economic Security (CARES) Act. The notice provides more details on several issues,... Continue
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