[Program Name][401(k)/403(b)] has designed the Retirement Plan Exchange® Solution powered by Transamerica.
[Program Name] [401(k)/403(b)] has partnered with TAG & Transamerica to help employers spend more time running their business, not their retirement plan. Let us show you how this solution handles administrative duties, reduces your risk, and is cost-effective.
WHY THE EXCHANGE?®
[PROGRAM NAME] [401(k)/403(B)] is powered by The TAG & Transamerica 401(k) Retirement Plan Exchange® Solution platform. It is based on sound structural elements that have been developed over the last 20 years, reviewed, and successfully tested to accept fiduciary responsibilities specified by ERISA law and Internal Revenue Service and Department of Labor regulations while striving to provide compliance assurance with those regulations in order to reduce fines and penalties.
5 Advantages with the [Program Name][401(k)/403(B)] Retirement Plan Exchange® Solution
TAG oversees plan set-up, implementation, monitoring, enrollment, and other duties.
THE OVER 90% ADVANTAGE WITH THE [PROGRAM NAME] 401(k) RETIREMENT PLAN EXCHANGE®
The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000. The DOL penalty for late filing can run up to $1,100 per day, with no maximum.
The [Program Name] [401(k)/403(b)] and TAG Resources, as named fiduciaries on your plan, will mitigate this risk for you.
OVER TWENTY YEARS
Retirement plan providers are currently struggling to deal with pooled structures. Many are enthusiastically working with pooled plans, such as PEP’s, for the first time. TAG Resources and Transamerica have been the innovators in pooled structures for over 20 years. TAG’s experience has helped them understand how to structure the plan to get the best savings and protection available to you.
TAG & Transamerica have a proven track record of working together to understand employers’ needs and effectively meeting those needs.
Additionally, retirement plans carry significant fiduciary liability and government compliance exposure for employers. The PMA 401(k) Retirement Plan Exchange® outsources the liability and compliance to TAG Resources to the highest extent. While most retirement plans do not offer this level of fiduciary and compliance assistance, TAG works as your retirement department by becoming a Signatory Named Fiduciary on your retirement plan.
DRIVING PARTICIPANT SUCCESS
The 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.
Your Retirement Outlook: Important: The projections or other information generated by the engine (which produces Your Retirement Outlook®) regarding the likelihood of various investment outcomes are hypothetical, do not reflect actual investment results, and are not guarantees of future results. Results derived from the tool may vary with each use and over time.
The Retirement Plan Exchange® plan solution 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 the plan 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 plan as a whole. Transamerica does not act as a 3(16) plan fiduciary.
Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528.
The Pyramid logo, Retirement Plan Exchange®, OnTrack®, Your Retirement Outlook® and Brighten Your Outlook® are registered service marks of Transamerica. All companies identified are separate and unaffiliated organizations.
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