Welcome to the HUB Retirement Solution
The HUB Retirement Solution is a Complete, Cost-effective, Turnkey Retirement Solution.
POWERED BY TAG RESOURCES & [RECORDKEEPER]
HUB International has partnered with TAG Resources and [Recordkeeper] to help employers spend more time running their business, not their retirement plan. TAG’s design handles administrative duties, reduces your risk, and is cost-effective.
WHAT IS IT?
The HUB Retirement Solution is powered by TAG & [Recordkeeper]. 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.
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5 Advantages with the HUB Retirement Solution
TAG oversees plan set-up, implementation, monitoring, enrollment, and other duties.
The 90% Advantage with The HUB Retirement Solution
A major DIFFERENTIATOR of the HUB Retirement Solution for you as a participating employer is the reduced administrative tasks you have to perform on your 401(k).
Your Responsibilities WITHOUT The HUB Retirement Solution
Your Responsibilities WITH The HUB Retirement Solution
The HUB Retirement Solution
TAKES ON OVER
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.
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.
The HUB Retirement Solution and TAG Resources, as named fiduciaries on your plan, will mitigate this risk for you.
Takes pressure off your internal administrative resources and allows you to use those resources elsewhere
Provides access to service providers with ERISA and investment expertise
TAG delivers fiduciary protection at the highest level
Outsources investment selection responsibility to investment professionals
EXPERIENCE OVER ENTHUSIASM
Retirement plan providers are currently struggling to deal with pooled structures. Many are enthusiastically working with pooled plans, such pooled employer plans (PEPs), for the first time. TAG Resources has been an innovator 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 has 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 HUB Retirement Solution outsources most fiduciary responsibilities and compliance to TAG Resources to the highest extent available. 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.
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