Every Successful Company, No Matter The Size, Should Offer A Retirement Plan.

Welcome to one of the best Retirement Plans ever built.
The HBRA Retirement Plan powered by TAG Resources.

About HBRA

Our Vision: “Building CT’s Economy, Communities and Better Lives One Home at a Time.” Our Mission: “Using Effective Advocacy & New Knowledge to Solve Our Member’s Problems.”
The HBRA of Connecticut, Inc. represents the home building, land development and remodeling industry in Connecticut. The HBRA represents Over 800 member firms employing over 30,000 people throughout the state. We are the statewide component of a federation of affiliated but distinct organizations, including the National Association of Home Builders (“NAHB”) (located in Washington, DC) and four local HBRAs in Connecticut. Our “Builder” member firms are engaged in new residential construction (both single-family and multifamily units), new light commercial construction, remodeling and renovation of existing residential and commercial buildings, and land development activities on residential, commercial, and industrial zoned land. Our “Associate” member firms are in businesses providing supplies, services, and expertise to the building, remodeling, and land development industries. The state HBRA’s Board of Directors, Senior Officers, committees, councils, and task groups, working together as a team with professional staff, offer HBRA members many opportunities to solve industry problems and promote its growth. We are a non-profit, 501(c)(6), professional trade association organized in 1960.

The HBRA Retirement Plan is a powerful tool for your company.

You will attract and retain top talent. You will maximize your opportunities to save for your own retirement.

Most employers have concerns about having a 401(k).

We have solutions.

Compliance Issues

In 2020 67% of companies randomly audited by the DOL failed the audit. Resulting in Billions in fines and penalties.

Tag Resources administrative process is designed to meet DOL random audit requirements on a realtime basis.

Huge Liability

Employers often do not know the liability they take on. Any employer who understands it does not want the risk. We mitigate that risk for you.

As named fiduciary on your plan we mitigate liability risk for you.

Overpriced Plans

Small business owners are sometimes already financially stretched and cannot afford a high priced retirement solution that works. TAG is the answer other companies retirement providers cannot match.

The HBRA Retirement Plan is a “pooled” retirement plan, meaning that we pool many company plans to together. This gives our clients some of the lowest prices and the most extensive services in the industry.

Administration

When offering a retirement plan to your people, you're held to the highest standards under the law. If you don't have the required expertise in house, you need to hire professionals to help you stay compliant with ERISA in offering the best plan to your employees.

Administration on the plan is done by TAG Resources. TAG Resources employees are all trained on ERISA law and TAG has ERISA lawyers on staff and on retainer.

Department of Labor audits can be costly for your business!

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.

Managing your own retirement plan can be a big administrative burden.

As a result, they cost you as an employer more money. With the HBRA Retirement Plan and TAG Resources at the helm of your retirement plan, you can stay on top of your business, knowing that the day-to-day responsibilities of your plan are being looked after.

Plan Administrator Responsibilities

TAG performs over 90% of administrative duties.

These are your 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

How does our plan overcome all of the concerns listed above?

By using HBRA's trusted providers.

Our trusted providers help make it possible.

HBRA

Our Vision: "Building CT's Economy, Communities and Better Lives One Home at a Time." Our Mission: "Using Effective Advocacy & New Knowledge to Solve Our Member's Problems."

3(38)

Fiduciary-Plus was created to partner with advisors as we strive to provide best in class services to plan sponsors and their plan participants.

RECORDKEEPER

We work with an industry leading Recordkeeper.

PLAN ADMINISTRATOR

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.

FINANCIAL ADVISOR

We provide 401k oversight services for small businesses from all industries with locations around the country. We work with each client to establish the types of services they need and provide a tailored service schedule to meet and exceed those needs to include plan and investment oversight, vendor management, and employee education.

There you have it.

The Best Retirement Plan
We've Ever Built

Common Questions

Interested? Let us tell you more. Contact us now.

Email Address

jdimatteo@dimatteofinancial.com

Call Us

203-924-5408