Overview
What is Retirement Industry Trust Association?
The Retirement Industry Trust Association (RITA) is a professional trade association situated in Oak Brook, Illinois. Its primary mission is to support the self-directed retirement plan administration industry, advocating for individual and group retirement plans through targeted legislative efforts and regulatory concerns. RITA actively monitors regulatory changes and legislative issues affecting retirement savings by Americans, promoting diversification of retirement services accounts through alternative investments. The association provides a platform for developing industry initiatives, encourages the delivery of high-quality services, and disseminates educational and informational material to its members and the public. RITA engages in lobbying and participates in the law and rule-making processes within the government. This year, RITA held an in-person and virtual conference, as well as IRAs institutes via Zoom, to discuss current industry issues.
Official website here: www.ritausa.org
Is Retirement Industry Trust Association legitimate?
Retirement Industry Trust Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Retirement Industry Trust Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.ritausa.org
What is the mission statement of Retirement Industry Trust Association?
The Retirement Industry Trust Association, acting as a professional trade association, primarily focuses on supporting the self-directed retirement plan administration industry. Its mission includes providing a platform for industry initiatives, monitoring regulatory changes and legislative issues affecting retirement savings in the United States, promoting diversification of retirement services through alternative investments, defining beneficial products, services, and laws for association members and investors, offering educational materials and best practices, encouraging high-quality services delivery, and promoting the virtues of its members' services through various means.
Official website here: www.ritausa.org
Who is the CEO of Retirement Industry Trust Association?
Mary Mohr is the Vp & Membership of Retirement Industry Trust Association.
Official website here: www.ritausa.org
What is the revenue of Retirement Industry Trust Association?
Retirement Industry Trust Association's revenue in 2022 was $574,333.
Official website here: www.ritausa.org
Who are the executives of Retirement Industry Trust Association and what are their salaries?
There 10 volunteers at Retirement Industry Trust Association.
Here are 11 key members and their salaries:
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- Compensation: $195,004
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- Other: $5,160
Official website here: www.ritausa.org
Where can I find the form 990 for Retirement Industry Trust Association?
Retirement Industry Trust Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ritausa.org
Learn more at the official website: www.ritausa.org
Mission Statement of Retirement Industry Trust Association
The Retirement Industry Trust Association, often referred to as RITA, serves as a professional trade association dedicated to supporting the self-directed retirement plan administration industry. Its mission is multifaceted and aimed at promoting individual and group retirement plans. This is achieved through targeted legislative efforts and regulatory concerns.
One of RITA's primary objectives is to provide a platform for the development of industry initiatives. These initiatives are then presented to regulatory bodies and government agencies related to the industry. RITA actively monitors regulatory changes and legislative issues that impact retirement savings in America.
Another key aspect of RITA's mission is to promote the need for further diversification of retirement services accounts. This is done by advocating for the use of alternative investments. The association also works towards defining products, services, and laws that can enhance the opportunities for RITA members, investors, and retirement savers.
RITA additionally focuses on developing and providing educational and informational materials for its members, the American public, and other interested parties. This includes sharing "best practices" within the industry. The association encourages the delivery of high-quality services by its members and promotes the virtues of their services through various means, such as public relations, internet exposure, lobbying, and participation in law and rule-making processes within the government.
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Impact
October, 2024
The Retirement Industry Trust Association (RITA) significantly impacts the self-directed retirement plan administration industry by advocating for legislative and regulatory changes that benefit both industry professionals and retirement savers. Through its initiatives, RITA creates a platform for dialogue among industry stakeholders, facilitating the development of proposals aimed at regulators and government agencies. This ensures that the voices of those involved in retirement planning are heard in policy discussions that directly affect the landscape of retirement savings in America.
RITA actively monitors changes in regulations and legislative developments, helping its members navigate the complexities of retirement planning. Furthermore, it promotes diversification in retirement services by championing alternative investments, thereby broadening the opportunities available to investors and enhancing their potential for savings.
The organization prioritizes education by offering in-person and virtual conferences, IRA institutes, and webinars designed to inform industry workers about pressing issues. These educational efforts ensure that professionals are equipped with the knowledge and best practices necessary to provide high-quality services.
Additionally, RITA engages in public relations and lobbying efforts to promote its members' services, advocate for best practices, and contribute to the rule-making processes that shape the retirement industry. By fostering a well-informed, collaborative, and responsive environment, RITA enhances the operational standards within the industry while supporting the retirement goals of individuals across the nation.
This information is meant to be a general summary of Retirement Industry Trust Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $204,833
- Gross Receipts: $574,333
Assets and Liabilities:
- Total Assets: $238,489
- Total Liabilities: $20,771
- Net Assets: $217,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$204,833
Organization Details
Founding Year
1987
Phone
(630) 368-5600Principal Officer
Mary Mohr
Main Address
2001 SPRING ROAD 700, OAK BROOK, IL, 60523
Website
www.ritausa.orgNTEE Category
Code: Z99 - Unknown
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