Press Release

TRA, Empower, Envestnet, and FiduciaryxChange Introduce the TRA Select 401(k) PEP: Simplifying Retirement Plans for Employers

Issued by TRA [The Retirement Advantage]

Jan. 23, 2025

Partnership Delivers Streamlined, High-Value Retirement Plan for Employers and Employees

APPLETON, WI  – The Retirement Advantage, Inc. (TRA) is excited to announce the launch of the TRA Select 401(k) Pooled Employer Plan (PEP). This unique retirement plan allows businesses to combine their purchasing power, gaining access to enhanced benefits, superior services, and more competitive rates while minimizing the administrative burden on their teams.

Key Benefits of the TRA Select 401(k) PEP include:

• Collective Purchasing Power: By joining a larger, collective plan, businesses can secure better pricing and access a wider range of services from specialized retirement providers.
• Reduced Administrative Burden: As employers are not the plan sponsors, much of the administrative hassle and associated liability of managing a retirement plan are shifted away from them.
• Tailored Flexibility: Employers still retain the flexibility to tailor their 401(k) plans to align with their company’s unique goals and requirements.

Key Benefits of the TRA Select 401(k) PEP include:

• FiduciaryxChange: As the Pooled Plan Provider (PPP), FiduciaryxChange offers vast retirement plan expertise and fiduciary oversight, ensuring the plan delivers significant benefits to employees while offering great value to employers.
• Empower: Responsible for comprehensive, full-service recordkeeping, Empower’s platform provides access to a diverse range of investment vehicles, including cost-effective options, to help participants reach their retirement goals.
• Envestnet: Delivers comprehensive advisory services, granting access to a diverse array of investment options, including risk-based and target-date funds, supporting tailored financial growth.
• TRA: Acting as the TPA, TRA handles all compliance testing, prepares government filing reports, and manages all aspects of plan operations, allowing clients to focus on core business activities.

“Matt Schoneman, Owner/President of TRA, stated, “The TRA Select 401(k) PEP represents our commitment to delivering an exceptional retirement plan that benefits both employers and employees. By leveraging our collective expertise and resources, we provide a high-quality, cost-effective retirement solution without the administrative complexity.”

The TRA Select 401(k) PEP is now available for organizations seeking a simplified, competitive retirement plan designed to meet their unique needs.

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