[ADVISOR FIRM NAME] has partnered with industry leaders to create an innovative pooled retirement solution to help clients achieve their company's financial goals by outsourcing fiduciary responsibility and liability.
What does this partnership mean to our clients who offer or want to offer their employees and retirement solution?
It means [ADVISOR FIRM NAME] has the flexibility to meet clients’ retirement needs through a single contract that offers two options
[Advisor Firm Names] pooled retirement solution product set consists of two plan configurations: Retirement Plan Exchange® and Choice Pooled Employer Plan℠
COMPARING YOUR OPTIONS
FLIP ME
FLIP ME
The Core Benefits
Reduced Risk
If you administer your own retirement solution you are personally liable for the plan. Our new solution takes on the fiduciary risk.
Administrative Duites
The list of duties that accompanies administering your own solution is long and tedious. TAG resources remove over 90% of those administrative duties.
Economies of Scale
Gives access to economies of scale
TIME BACK
This solution gives you time back to focus on your business. Your employees can focus on building your business. Not administering your retirement plan.
Recruiting
Having a retirement solution administered by professionals can help attract new talent and help retain your top employees.
INVESTMENT SERVICES & SELECTIONS
Allows Investment services and selections that make the most sense for clients employees
[“Helping our clients by giving them access to a pooled retirement solution that help scale their business is our mission. We aim to reduce the discords and friction of day-to-day administrative problems and give our clients critical time back..”]
How does our new solution give OUR CLIENTS time back?
A major DIFFERENTIATOR of our solution for you as a participating employer is the reduced administrative tasks you have to perform on your [401(k)/403(b)].
[Advisor Firm Names] new retirement solution takes on over 90% of your administrative duties
YOUR RESPONSIBILITIES WITHOUT [Advisor Firm Names] pooled solution
- [3(38) Investment Manager Appointment]
- 402(g) Limit Reporting
- 404(a)(5) Notice Distribution
- 404(c) Notice Distribution
- 408(b)(2) Notice Distribution
- Annual Discrimination &
Coverage Testing - Annual Fee Negotiations
With Vendors - Audit Completion Support
- Audit Firm Hiring & Monitoring
- Auto Enrollment Notice Distribution
- Beneficiary Designation Form Maintenance
- Beneficiary Determinations
- Blackout Notice Distribution
- Census Review
- Corrective Distributions
- Death Benefit Approval
- Distribution Reporting
- DOL and IRS Issue
Resolution Assistance - Eligibility Calculations
- Eligibility Notifications
- Employer Contribution Monitoring
- Plan Document Preparation
- ERISA Bond Review
- Error Correction Monitoring
- Fiduciary Insurance
Coverage Review - Force Out Processing
- Form 5330 Preparation
- Form 5500 Preparation,
Signing, & Filing - Form 8955 Preparation,
Signing, & Filing - Fund Change Notice Distribution
- Hardship Withdrawal Approval
- Loan Approval & Reporting
- Loan Default Monitoring
- Loan Policy Administration
- Lost Earnings Calculations
- Participant Enrollment Assistance
- Payroll Aggregation
- Payroll File Aggregation
- Plan Design Review
- Plan Document Preparation
& Archiving - Plan Irregularity Notification
- QDIA Notice Distribution
- QDRO Determinations
& Reporting - Quarterly Investment
Review Meetings - Rate Change Monitoring
& Reporting - Required Minimum Distributions
- Safe Harbor Notice Distribution
- SAR Production & Distribution
- SMM Notice Distribution
- SPD Production & Distribution
- Spousal Consent Approvals
- Termination Date Verification
& Maintenance - Termination Withdrawal Approval
- Trustee Duties
- Review & Process Payroll Files
- Vesting Verification & Tracking
- Year End Data Collection
& Review
VS
YOUR RESPONSIBILITIES WITH [Advisor Firm Names] pooled solution
TAKES ON OVER
OF FIDUCIARY RESPONSIBILITIES
- Year-End Data Collection
- Upload Payroll Files
- Monitor Service Providers
An employer who sponsors a retirement plan for their employees has overriding fiduciary responsibility for the plan. This solution allows the employer to outsource that responsibility to the highest degree.
Recordkeeper and the Participant Experience
Driving Participant Success
The Transamerica participant experience is designed to help people understand if their savings and investment strategy is in line with their retirement goals.
It starts with enrollment and continues with personalized communications and financial education, showing participants how they can improve their retirement readiness.
An easy-to-understand forecast generated by the underlying methodology provided by Morningstar. Using simple weather icons, it shows participants if their current investment strategy is likely to produce the income they’re seeking in retirement and offers steps to improve their chances of achieving their goals.
Your Retirement Outlook® is featured prominently on the participant website, mobile app, and quarterly statements.
What do [ADVISOR FIRM NAMES] trusted partners bring to the table?
Financial Professional
Recordkeeper
Recordkeeper
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Transamerica
Transamerica is an industry leading recordkeeper with over 20 years of experience with pooled arrangements. Their time-tested recordkeeping technology offers a proven infrastructure allowing for pooled arrangements, ensuring a plan will be administered successfully and accurately for the plan participant’s transition to retirement.
Investment Manager
Investment Manager
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[Investment Manager]
[As the named ERISA 3(38) Investment Fiduciary in the plan document, the Investment Manager is responsible for the selection and monitoring of the funds in the investment menu in accordance with the Investment Policy Statement for the plan. TAG Resources works with leading global providers of investment services staffed by research professionals, many of whom have
hands-on fund management experience and the human capital, technology, and experience to manage investment risk and return outcomes.]
Plan Administrator
Plan Administrator
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TAG Resources
TAG Resources is the Plan Administrator and a Named Fiduciary, as defined under ERISA sections 402(a), 3(16), and 3(21). It is our job to perform all functions necessary to keep your plan compliant.
As such, TAG Resources is responsible for the day-to-day operations of your plan. The functions we perform on your behalf include: the signing and filing of the Form 5500, QDRO determinations, service of legal process related to the plan, plan operations, participant claims and appeals, distributions, beneficiary determinations, including any related extensions to the plan.
POOLED PLAN PROVIDER [PPP]
VISIT WEBSITE
Smart Retirement Solutions, Inc.
SRS is a wholly-owned subsidiary of Smart USA Co. (Smart), dedicated to providing outsourced retirement plan fiduciary services. Through partnership with financial institutions (including broker-dealers, RIAs, retirement providers, insurers, asset managers, banks) and financial advisors, they deliver digital, customized, and cost-efficient solutions.
Take control of your company's retirement plan and help give your employees a better chance at retirement readiness.
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