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Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by TRA [The Retirement Advantage]

Press Release

TRA Celebrates 25th Anniversary

Issued by TRA [The Retirement Advantage]

Feb. 15, 2021

Retirement Plan Administrator Marks a Quarter Century in Business

APPLETON, WI The Retirement Advantage, Inc. (TRA), an industry-leading third party administrator (TPA) specializing in the consulting and administration of retirement plans nationwide, is celebrating 25 years in the qualified plan business.

Since 1996, TRA has partnered with plan advisors, sponsors and service providers throughout the U.S. to deliver exceptional retirement solutions through its integrated service offering. “From the start, we’ve focused on providing a simple solution to the complexities of retirement plan administration,” stated TRA President Matt Schoneman. “Reaching our 25th anniversary would not have been possible without the ongoing support of our partners and clients, and the unfailing commitment of our team, especially during the unexpected challenges of 2020,” he affirmed.

Schoneman attributed TRA’s growth from a small start-up into a top-tier, national TPA to a simple formula. “We’ve kept our focus on continuous business-process enhancements while improving client satisfaction,” he stated. “This includes ongoing investments in technology for greater automation and enhanced cybersecurity,” Schoneman noted.

Added Schoneman, “In addition to the 29 strategic acquisitions we’ve made and those pending completion — we’ve also expanded our expertise in different lines of business, such as actuarial services for defined benefit and cash balance plans.” Schoneman also noted that “These efforts have also led to increased support from the financial advisor community. We’ll continue to find ways to help advisors do more retirement business while they provide their clients with the highest level of TPA services. One example is our new webinar program, which provides advisors with timely retirement industry knowledge, regionally based webinars, and no-fee CE credits,” Schoneman concluded.

Matt Schoneman reinforced TRA’s ongoing commitment: “In 2021 and the years ahead, TRA will continue our mission to design, implement, and administer customized retirement plans while providing outstanding customer service through our personalized, dedicated service model.” He concluded, “The retirement industry can continue to count on TRA to do what’s best for our plan sponsors, advisors, and service providers.”

View More Press Releases by TRA [The Retirement Advantage]


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.