TRA MAKES NEWS HAPPEN

• ▾

  CASE OF THE WEEK – 401(k) Excesses

  February 12, 2022 - By Jenny Kiffmeyer, J.D – The Retirement Learning Center 401(k) Excesses ERISA consultants at the Retirement Learning Center 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 to... Continue
• ▾

  CASE OF THE WEEK – Remember the Saver’s Tax Credit

  February 9, 2022 - Every deduction and tax credit counts these days. Many IRA owners and plan participants may be unaware of the retirement plan-related tax credits for which they may qualify. Continue
• ▾

  Plan Sponsors Ask…

  February 8, 2022 - During our recent annual plan review, we were happy to see that the majority of our employees have continued to make contributions to their retirement accounts during COVID-19 (and very few took hardship withdrawals). Is this unique to us or was it more of a universal trend? Continue
• ▾

  Combatting Cybersecurity Threats

  February 1, 2022 - As you know cyberattacks are on the rise and no one is immune. That is why it’s vital to understand what the service providers you choose to do business with are doing to address threats to you and your employees. Nearly one-third of retirement plan recordkeepers expect to increase their cybersecurity staff, according to a recent survey. Continue
• ▾

  CASE OF THE WEEK – DOL Enforcement Deadlines for PTE 2020-02

  January 27, 2022 - Financial professionals and organizations that seek relief under PTE 2020-02 should take note of the different compliance deadlines that apply as a result of FAB 2020-02. Continue
• ▾

  ASK THE EXPERTS – Chad Empey | Chief Financial Officer

  January 25, 2022 - Chad Empey, Chief Financial Officer at The Retirement Advantage, Inc. (TRA) — who oversees the company’s Finance and Human Resources teams, as well as all aspects of the company’s financial strategy and operations — shares his insights on why TRA is a great place for people focused on career development. Continue
• ▾

  CASE OF THE WEEK – Remember Plan Tax Credits for 2021

  January 21, 2022 - Tax credits for setting up a plan and having an automatic enrollment feature are great tools to help small businesses defray the costs of starting a plan. Business owners should discuss the credit with their accountants and advisors to determine if it makes sense for them to establish a plan. Continue
• ▾

  Good Vibrations

  January 18, 2022 - A recent survey of retirement plan participants shines a light on their positive perspectives — which can help inform plan changes you may be considering Released in October of 2021, American Century’s 9th Annual Survey of Retirement Plan Participants found that more workers are optimistic about their futures in 2021 than they were in 2020. Not surprising, following more than a year of dealing with... Continue
• ▾

  CASE OF THE WEEK – EINs for Qualified Retirement Plan Trusts

  January 13, 2022 - A recent call with a financial advisor from Florida is representative of a common inquiry related to qualified retirement plan trusts. The advisor asked: “Can a business owner use the company’s employer identification number (EIN) to identify the firm’s 401(k)?” Continue
• ▾

  Plan Sponsors Ask…

  January 12, 2022 - Question: We are considering adding a financial wellness program as part of our retirement plan benefit program. Unfortunately, there isn’t a lot in the budget to work with right now. Any ideas on how we might approach it? Answer: As you probably know, workers are becoming increasingly interested in financial wellness education that can help reduce financial stress and prepare them for economic uncertainty. In... Continue