The Retirement Advantage Announces New 401(k) PEP
TRA partners with Empower, Envestnet and FiduciaryxChange on its pooled employer plan offering.
Wisconsin-based The Retirement Advantage Inc. introduced the TRA Select 401(k) Pooled Employer Plan, in partnership with the Empower Annuity Insurance Co. of America, Envestnet Inc. and AmericanTCS’s FiduciaryxChange.
FiduciaryxChange will act as the pooled plan provider. Empower will provide recordkeeping services, facilitating access to an array of investment vehicles.
Envestnet will offer “comprehensive advisory services” and access to a range of investment options, including risk-based and target-date funds.
TRA will be the third-party administrator, taking on all compliance testing, preparing government filing reports and managing overall plan operations.
“The TRA Select 401(k) PEP represents our commitment to delivering an exceptional retirement plan that benefits both employers and employees,” Matt Schoneman, the owner and president of TRA, said in a statement. “By leveraging our collective expertise and resources, we provide a high-quality, cost-effective retirement solution without the administrative complexity.”