What does this partnership mean to our clients who offer or want to offer their employees and retirement solution?
It means Bison Wealth has the flexibility to meet your needs
[Program Name] Choice Pooled Solutions℠ product set consists of two plan configurations: Retirement Plan Exchange® and Choice Pooled Solutions℠ (PEP).
COMPARING YOUR OPTIONS
The Retirement Plan Exchange allows individual sponsors to select from a menu of cost-effective options to build a single employer retirement plan and configure a support team.
The Choice PEP treats the plans of multiple unrelated employers as one large plan and allows employers to choose from two cost-effective investment platform options.
The Core Benefits
How does our new solution give you time back?
A major DIFFERENTIATOR of [Program Name] Choice Pooled Solutions℠ for you as a participating employer is the reduced administrative tasks you have to perform on your [401(k)/403(b)].
[Program Name] Choice Pooled Solutions℠ takes on over 90% of your administrative duties
YOUR RESPONSIBILITIES WITHOUT [Program Name] Transamerica Choice Pooled Solutions℠
YOUR RESPONSIBILITIES WITH [Program Name] Transamerica Choice Pooled Solutions℠
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.
LET US MAKE YOUR JOB EASIER
Improve accuracy, save time and effort
SIMPLIFIED PAYROLL AND RECORDKEEPING
PayStart provides a service for qualifying clients that allows contribution data to be sent directly from the payroll vendor to Transamerica, eliminating the need for the plan sponsor to create and manipulate a separate file. This can help your organization:
THE BEDROCK REPORTING SYSTEM™
TAG RESOURCES PROPRIETARY SOFTWARE
With data gathered from contribution files from the plan sponsor and recordkeeper, TAG can match employees with specifics provided in the plan document to determine eligibility and verify participant information. In addition, the system captures rate changes, new loans, and hardship withdrawals and monitors contributions and distributions to ensure compliance with plan documents and [401(k)/403(b)] limits. Every step in the process is time-stamped, so the complete data cycle is monitored. The system allows TAG to monitor operational health and catch minor errors before exposing the plan to compliance violations.
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.
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