[Video above is an Advisor recording an intro if desired otherwise it can be a co-branded video]
What does this partnership mean to our clients who offer or want to offer their employees and retirement solution?
The Core Benefits
If you administer your own retirement solution you are personally liable for the plan. The new solution takes on the fiduciary risk.
The list of duties that accompanies administering your own solution is long and tedious. TAG resources remove over 90% of those administrative duties.
This solution gives you time back to focus on your business. Your employees can focus on building your business. Not administering your retirement plan.
Having a retirement solution administered by professionals can help attract new talent and help retain your top employees.
The 90% Advantage with The [Program Name] [401(k)/403(b)] Retirement Plan Exchange®
A major DIFFERENTIATOR of the [Program Name] [401(k)/403(b)] for you as a participating employer is the reduced administrative tasks you have to perform on your [401(k)/403(b)].
YOUR RESPONSIBILITIES WITHOUT The [Progam Name][401(k)/403(B)]
VS
YOUR RESPONSIBILITIES WITH The [Progam Name][401(k)/403(B)]
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.
As of December 31, 2021
[Program Description]
This the description of the company or association we are co-branding with.
Offering a retirement plan and selecting the providers to run the retirement plan is a fiduciary decision. The Financial Advisor plays a key role in helping you with the due diligence process and documentation of that process. Financial Advisors that offer the [Program Name] [401(k)/403(b)] are in tune with the complexity and liability of running a retirement plan. Advisors that use the TAG Program look to reduce the administration duties and risk to you to the greatest degree possible, and at a cost that is competitive. In addition, many advisors offer services that will help increase participation, help with enrollment meetings, provide investment guidance and education for the plan participants, provide plan reviews on a regular basis, and suggest potential plan-design enhancements.
Recordkeeper
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.
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
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.
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