THE POWER OF CHOICE AT YOUR FINGERTIPS
WHAT IS IT?
Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions ℠
POWERED BY TRANSAMERICA AND TAG RESOURCES
Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions℠ powered by Transamerica and TAG Resources revolutionizes retirement planning in the industry, providing a comprehensive array of pooled solution that gives clients various options. Whatever size business you have, Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions℠ offers plans tailored to uniquely meet your needs while providing competitive pricing that generally goes hand-in-hand with large-scale setups.
The flexibility to meet your needs
Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions℠ product is unique because it consists of two plan configurations: Retirement Plan Exchange® and Choice Pooled Employer Plan℠.
COMPARING YOUR OPTIONS
Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions℠ takes on over 90% of your Administrative Responsibilities
YOUR CLIENTS’ RESPONSIBILITIES WITHOUT Lifetime Advisors Retirement Plan Advantage Transamerica Choice Pooled Solutions ℠
VS
YOUR CLIENTS’ RESPONSIBILITIES WITH Lifetime Advisors Retirement Plan Advantage Transamerica Choice Pooled Solutions ℠
TAKES ON OVER
OF FIDUCIARY RESPONSIBILITIES
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.
Employers can focus on their business rather than running a retirement plan
ADVANTAGES
Employers don’t want fines or penalties. TAG Resources' processes are developed to administer plans to be DOL and IRS compliant.
Employers want to work with industry leaders. The [Program Name] combines industry-leading professional service providers for “end-to-end” retirement plan oversight, including robust tools and resources for employees.
Employers don’t want to be 401(k)/403(b) experts. TAG Resources oversees plan set-up, implementation, monitoring, enrollment, and other duties.
Employers don’t want to be at risk. By shifting administrative and certain named fiduciary duties to [TPA], employers can mitigate the most defined legal obligations and responsibilities.
Employers don’t want to overpay. The [Program Name] is built on a pooled pricing model and often costs less than other programs offering fewer comprehensive services.
A DEDICATED TEAM BEHIND Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions ℠
MEET THE TEAM
DRIVING PARTICIPANT SUCCESS
At any time, employers are easily integrated, enrolled, and tracked in the Transamerica platform.
PARTICIPANT EXPERIENCE
Transamerica equips participants with a comprehensive retirement experience that grants insights into their financial future. Powered by Morningstar’s sophisticated methodology, the Your Retirement Outlook® app simplifies complex investments and guides participants toward achieving their personalized income goals in retirement. Using simple weather icons, the app shows participants if their current investment strategy is likely to produce the income they’re seeking in retirement.
As of December 31, 2022
CONTACT US
Let Us Tell You More. Contact Us Now.
ian@lifetimeadvisors.com
808-315-6506
TRANSAMERICA PYRAMID LOGO, RETIREMENT PLAN EXCHANGE, and YOUR RETIREMENT OUTLOOK are all service marks of Transamerica Corporation. Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. TAG Resources, Inc., is a wholly owned subsidiary of Transamerica, but there are no other affiliations between the two and any other organization referenced.
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 Choice Pooled Solution℠ is not a traditional multiple employer plan (MEP). Unlike a traditional MEP, certain plan qualification and ERISA requirements are applied at the individual plan/participating employer level. Pooled employer plans (PEPs) are a new type of multiple employer plan for which the Department of Labor (DOL) and IRS guidance is still pending in a number of areas. An employer participating in the plan retains certain fiduciary responsibilities, including responsibility for selecting and monitoring the 3(16) plan administrator as well as the Pooled Plan Provider (PPP), for determining the reasonableness of service providers’ fees, and for periodically reviewing the plan as a whole. Among other responsibilities, the PPP acts as the 3(16) plan fiduciary (or delegates another entity to serve in such capacity). Transamerica does not act as a 3(16) plan fiduciary.
The Retirement Plan Exchange®/Group 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.
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