• CASE OF THE WEEK – The Social Security Earnings Test: Are IRA Assets Earnings?
    April 12, 2024 - Learn how the Social Security Earnings Test impacts those claiming benefits before full retirement age and working. Understand how earned income affects benefits, excluding IRA distributions and pension withdrawals. Continue
  • Playing the Long Game
    April 9, 2024 - As retirement planning evolves, different ways to think about it continue to emerge. One example of this is the concept of longevity literacy, which has gained prominence in recent years. Continue
  • CASE OF THE WEEK – When Might a Cash Balance Plan be a Good Fit?
    April 5, 2024 - Discover the essential traits that make a business owner a good fit for a cash balance plan. Learn how this plan, or a combination with a defined contribution plan, can offer substantial benefits. Ensure informed decisions with guidance from a tax professional on setting up a qualified retirement plan. Continue
  • Plan Sponsors Ask…
    April 2, 2024 - Demand for CITs continues to increase among small and midsize plans, according to a recent report from Sway Research. Defined contribution investment only firms surveyed by Sway estimate that 22% of current CIT sales are generated from plans with less than $50 million in assets, with another 23% coming from plans holding between $50 million and $100 million in assets. Continue
  • CASE OF THE WEEK – 1035 Exchanges
    March 29, 2024 - A 1035 exchange is a tax-free transfer of funds from one life insurance or annuity policy to another. It allows policyholders to swap their existing policy for a new one without incurring tax liabilities. While typically associated with life insurance and annuity contracts, it doesn't directly apply to 401(k) plans, which are retirement savings accounts sponsored by employers. However, certain annuity contracts within a 401(k) plan may be eligible for a 1035 exchange if they meet specific criteria outlined by the IRS. Continue
  • PRESS RELEASE – TRA Bolsters Distribution Team Across Rocky Mountain Region
    March 19, 2024 - Experienced Retirement Planning Consultant Elevates TRA Team APPLETON, WI (March 19, 2024) – The Retirement Advantage, Inc. (TRA), an independently owned, nationally recognized retirement services company, is thrilled to announce the addition of Chase Meitler to their team as the newest Regional Plan Consultant (RPC). Meitler will be responsible for overseeing a territory that includes Colorado, Montana, North & South Dakota, Nebraska and Wyoming, reporting... Continue
  • CASE OF THE WEEK – Remote Witness
    March 8, 2024 - In today's increasingly mobile world, plan participants have the flexibility to use compliant electronic media for making their elections and spousal consents, if permitted by the plan document. Continue
  • CASE OF THE WEEK – March 1st and Excess Salary Deferrals
    March 1, 2024 - Discover why March 1st holds significance for managing excess deferrals in a 401(k) plan. Contrary to common belief, corrections for excess deferrals typically need to be made by March 1st, not April 15th. Understand the importance of this date in ensuring compliance and avoiding penalties. Continue
  • BREAKING NEWS – IRS and DOL Issue Guidance on Pension-Linked Emergency Savings Accounts
    February 26, 2024 - The Internal Revenue Service (“IRS”) and Department of Labor (“DOL”) recently released coordinated guidance on Section 127 of the SECURE 2.0 Act (“SECURE 2.0”), which established pension-linked emergency savings accounts (“PLESAs”), a discretionary plan provision that may be offered for plan years beginning on or after January 1, 2024. The IRS issued Notice 2024-22 (the “Notice”), providing initial guidance on the anti-abuse rules, and the DOL released “Frequently Asked Questions: Pension-Linked Emergency Savings Accounts” (“FAQs”), providing guidance in the form of questions and answers relating to the general applicability of PLESAs. Continue
  • CASE OF THE WEEK – Nongovernmental 457(b) Plans and Rollovers … The Two Don’t Mix
    February 23, 2024 - Nongovernmental 457(b) plan distributions are not eligible for rollover. In some cases, amounts could be transferred to another tax-exempt 457(b) plan if certain conditions are met. Continue

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