Simple to choose
Straightforward plan options make decision-making easy.
A Simpler Way To Start The Right 401(k).
Straightforward plan options. Guided setup. Backed by TRA.
Why choose Advantage(k)?
Easy to launch
TRA guides you through every step from selection to setup.
Built to stay compliant
Ongoing retirement plan expertise and support behind you.
Which plan is right for you?
Advantage(k) Start
For businesses with employees
Choose from three plan designs that fit your goals.
Ideal for businesses with employees
Choose from 3 plan designs
Helps attract and retain talent
Advantage(k) Solo
For owner-only businesses
Maximize your retirement savings with a Solo 401(k).
Designed for owner-only businesses
Maximize retirement savings potential
Straightforward setup and flexibility
Compare Solutions at a Glance
| Feature | Advantage(k) Start | Advantage(k) Solo |
|---|---|---|
| Designed For | Businesses with employees | Owner-only businesses |
| Plan Types | Safe Harbor Match, Safe Harbor Non-Elective, Traditional 401(k) | Solo 401(k) |
| Employee Eligibility | Yes | No employees required |
| Implementation | Guided setup process | Simplified setup |
| Best For | Attracting and retaining employees | Maximizing owner savings |
| Ongoing Support | Included | Included |
Getting started is simple.
1
Choose
Select Advantage(k) Start or Solo, based on what is right for you.
2
Complete your information
Tell us about your business and plan preferences.
3
TRA gets you launched
TRA handles setup and implementation so you can launch with confidence.
Built for Financial Advisors
Help clients choose the right 401(k) solution with a simple, guided process backed by TRA’s retirement plan expertise.
Request A Consultation
Questions before you start
What is Advantage(k)?
Advantage(k) is TRA’s family of streamlined retirement plan solutions that includes Advantage(k) Start and Advantage(k) Solo.
Which solution is right for me?
Businesses with employees typically benefit from Advantage(k) Start, while self-employed individuals and owner-only businesses may be a fit for Advantage(k) Solo.
Can I compare plan designs before getting started?
Yes. Advantage(k) includes comparison tools and educational resources to help evaluate options.
Does TRA provide ongoing support?
Yes. TRA provides administration, compliance support, and ongoing service after implementation.
How much does it cost?
Pricing depends on the plan design and services you select. Contact TRA for a personalized quote and to review pricing details for your business.
Am I eligible for startup tax credits?
Certain businesses may qualify for retirement plan startup tax credits. Consult your tax advisor regarding eligibility.
What plan design options are available under Advantage(k) Start?
Advantage(k) Start offers three plan designs: Safe Harbor Match, Safe Harbor Non-Elective, and Traditional 401(k), so you can choose the structure that best fits how you want to reward and encourage employee participation.
Can my financial advisor be involved in setting up the plan?
Yes. Advantage(k) is built to support financial advisors throughout the process, with dedicated retirement plan specialists, educational resources, and ongoing consultation available to guide you and your advisor together.
How long does it take to launch a plan once I get started?
Advantage(k) uses a guided implementation process. After you choose your solution and plan design and complete your business information, TRA prepares the required documents and helps you launch, with ongoing support available once your plan is live.
Do Advantage(k) plans support Roth contributions and loans?
Yes. Roth contributions, catch-up contributions, and participant loans are available across Advantage(k) Start and Advantage(k) Solo plan designs.
Is there a minimum number of employees required to qualify?
No. Advantage(k) Solo is designed specifically for owner-only businesses with no employees other than a spouse, while Advantage(k) Start is built for businesses that do have employees. There isn’t a minimum employee count required for either option.
Does TRA offer fiduciary support for my plan?
Yes. TRA offers 3(16) fiduciary services and plan administration to help alleviate the day-to-day administrative burdens of managing your retirement plan.
Consider TRA's 3(16) Fiduciary Services & Plan Administration
To alleviate the day-to-day administrative burdens of yours or your clients retirement plans.