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Envision A Different Kind Of Retirement Solution

Choose us and
Focus on running your business

The British Petroleum Amoco Marketers Association has done extensive due diligence to find a retirement solution that saves members money, reduces their fiduciary risk, and outsources more than 90% of their duties. Introducing BPAMA 401K Retirement Plan Exchange® powered by TAG Resources, Transamerica, and Two West.

The BPAMA Retirement Plan Exchange®

Cost EffectiveReduced Liability90% of Administrative tasks

What do your administrative duties look like with and without this new solution?

Many employers are unaware of the actual list of responsibilities that befall them when they take on their own retirement plan.

TAG performs over 90% of administrative duties.

A better fit for you and your employees

Less risk for you also means more security for the employees you manage. This can lead to better and more qualified employees.

Cost Effective

Pooling hundreds of company retirement plans together provides scale that allows the BPAMA 401K Retirement Plan Exchange® to provide members with lower-cost even with expanded services.

Outsource Administration

Over 90% of your administrative tasks will be handled through the outsourcing administrative duties to retirement professionals.

Outsource Liability

Simply failing to file a 5500 tax form on time can cost as much as $2,140 Dollars PER DAY! Plans administered through the Retirement Plan Exchange are designed to meet IRS and DOL regulations.

Not a member but want to achieve this excellent benefit?

By becoming a valued member of the BPAMA, you get access to this cutting-edge Retirement Plan Exchange powered by TAG Resources, Transamerica, and Two West. Learn more about becoming a member. By virtue of being a member, you get instant access to the solution.

Our Partners

Our industry leading partners behind the associations solution

BPAMA 401(k) Retirement Plan Exhange®

BPAMA

Since 1974, BPAMA has been the unparalleled leader in alliance between the Marketer and Supplier in the Petroleum Industry. The strength of BPAMA lies in the power of partnership, Marketers and BP coming together as collaborators to share business expertise, insights and shape the future for the BP branded business with the goal of achieving win-win opportunities. BPAMA members influence strategy and program decisions impacting BP's jobber channel of trade. Programs are developed with Marketer’s input, strategic decisions are identified early, and creative approaches to problems and growth are explored. Add a vendor program where suppliers and Marketers can access goods and services needed for their businesses and BPAMA truly adds value to those who belong.

Two West 3(38) Investment Manager

Two West

Two West Advisors is a named fiduciary to the plan, responsible for the investment selection, monitoring, and ongoing due diligence of the funds in the investment menu in accordance with the Investment Policy Statement (IPS) for the Plan. Two West Advisors was founded on the belief that two people with common goals journeying together in the same direction have a better chance of arriving at their destination than going it alone.

Transamerica

Connecting participants to the power of their solution

Recordkeeper

With more than 85 years of experience helping people prepare for retirement, Transamerica is one of the most recognized, trusted names in financial services. As a pioneer in pooled-plan solutions, we equip plan sponsors with the tools, resources, and professional support to help their employees pursue a healthier, more secure future.

Financial Advisor

Greg Addison

Greg Addison is a veteran of over 30 years in business having worked in a variety of industries including private equity, finance, healthcare, and technology. He has over 20 years of experience working with small and mid-size companies to develop solutions in all aspects of business. He leverages all of his experiences to help employers understand and execute their fiduciary responsibilities, serve the needs of employees as it relates to retirement savings and educate on the business impact of employee financial wellness.

TAG Resources

The largest "end to end" bundled provider in the U.S.

TAG Resources

TAG Resources ensures your plan reaps long-term rewards with easier day-to-day operations. As the largest end-to-end retirement plan provider in the US, TAG is recognized nationally for pioneering unique Retirement Programs. The Multiple Employer Program™ is our newest innovation, bundling retirement plans together in a service model previously only available for very large companies.

Ready for a better 401k Plan?

Contact our financial advisor

BPAMA

The companies identified above are separate and unaffiliated organizations. Logos and trademarks are the intellectual property of their respective owners.

Retirement Plan Exchange® is a registered service mark of Transamerica. The Exchange is not a multiple employer plan (MEP). Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level. An employer participating in an Exchange retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the 3(16) plan administrator, for determining the reasonableness of its fees, and for periodically reviewing the Exchange as a whole.

BPAMA does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

All securities transactions involve substantial risk of loss. Under no circumstances does the information in this report represent a recommendation to buy or sell stocks or other investment instruments. As with any investment, past performance is not necessarily indicative of future performance.

All investment carries the risk of loss.  Risks of Investing – Investing entails risks, including possible loss of principal. There are special risk considerations associated with value strategy investing, international investing (including emerging markets) and small company investing. No assurances or guarantees are given regarding the performance of any investment. Returns, share price, and yield will fluctuate and redemption value may be more or less than original cost. Investment in mutual funds or ETFs are not insured or guaranteed by the US government or any other party.

LET US HELP YOU SCALE YOUR BUSINESS AND PROTECT YOUR HARD WORK.

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Responsibilities Without TAG

  • 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
  • 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
  • ERISA Bond Review
  • Error Correction Monitoring
  • Fiduciary Insurance Coverage Review
  • Force Out Processing
  • Form 5330 Preparation, Signing, & Filing
  • 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 Interpretation
  • Plan Document Preparation & Archiving
  • Plan Irregularity Notification
  • QDIA Notice Distribution
  • QDRO Determinations & Reporting
  • Quarterly Investment Review Meetings
  • Rate Changes 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
  • Top Hat Preparation, Signing, & Filing
  • Trustee Duties
  • Vesting Verification & Tracking
  • Year End Data Collection & Review

These are your responsibilities with TAG

Upload Payroll Files to TAG

Monitor TAG

Provide Year-End Data for Testing