TRA says the new plan designs are tailored specifically for the following industries: physicians and health care; engineering, computer services and technical consulting; law offices; accounting; financial services; real estate; and manufacturing.
The firm says these plan designs include a number of features that help increase employees’ odds of achieving retirement readiness, while also reducing the plan sponsor’s fiduciary risk and simplifying administration.
“Far too often, many plan sponsors focus solely on employer contribution rates, investment solutions and employee engagement, frequently overlooking other factors that can drive better outcomes for their young savers, accumulators and pre-retirees,” explains Matt Schoneman, TRA president.
Those interested can learn more about TRA’s approach for retirement readiness and plan design by calling 888-872-2364 or by visiting www.tra401k.com.
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