As all of us experience the rapidly changing developments related to the COVID-19 pandemic, Colorado Retirement Association wants you to know how we’re responding to protect our member employers, employee…
As communicated previously, our association has been working to restate the Colorado Retirement Association 401(a) and 457(b) plans. Revisions to CRA plan documents resulted from our association’s name change to…
Deadline Extended To April 7! Colorado Retirement Association is pleased to present once again the annual CRA Scholarship Program. Now in its 14th year, the scholarship program is awarded to…
Please note the following procedures for processing Required Minimum Distributions and one-time distribution/withdrawal requests: RMDs CRA’s recordkeeper will pay out 2019 RMDs for eligible participants, beneficiaries and alternate payees by…
There are two primary categories of costs associated with operating any retirement plan: investment fees and administrative fees. Investment fees are generally the largest component of plan expense. These typically…
As you close out 2019, be sure your payroll software has been set with the correct limits for 457(b) plans for 2019 based on age for your employees. Limits are…
JULY 4 HOLIDAY NOTICE
In observance of the Independence Day holiday, CRA will be closed from 2 p.m. on Thursday, July 2, until Monday, July 6. Our call center also will be closed on July 3. Given financial markets will be closed on July 3, transactions requested after market close on July 2 will be initiated on July 6. CRA will resume standard business hours on July 6.
CORONAVIRUS NOTICE
Following are updates on our operations for the foreseeable future until concerns about the spread of COVID-19 have subsided.
Additionally, we wanted to assure you that CRA, along with our investment advisor and recordkeeper, remain steadfast in closely monitoring the markets and executing our fiduciary responsibilities for your retirement savings.
We recognize that recent market volatility may raise concerns. Drawdowns are part and parcel with financial markets, and the markets have weathered similar storms before. As always, it is important to take a long-term view of retirement savings and have diversified portfolios. CRA target date portfolios are designed to be appropriately diversified for a participant’s anticipated retirement year. Employee participants are always welcome to make changes to their investments by logging into their accounts via cra-online.org or by calling 800.352.0313.
*CRA is not an investment advisor and does not make any representations nor guarantees as to the future performance, risk or return of the funds. This plan and its self-direction provisions are intended to constitute a plan similar to that described in section 404(c) of the Employee Retirement Income Security Act and Title 29 of the Code of Federal Regulations Section 2550.404c-1. The fiduciaries of this plan may be relieved of liability for any losses which are the direct and necessary result of investment information given to the employee.
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