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.

Insurance agent talking to mid adult couple on a meeting in the office.

 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 

FLIP ME

RETIREMENT PLAN EXCHANGE®

Retirement Plan Exchange® allows individual sponsors to select from a menu of cost-effective options to build a single employer retirement plan and configure a support team.

RETIREMENT PLAN EXCHANGE®

  • Individual plan sponsors choose from a menu of cost-effective options to build a retirement plan
  • TAG prepares, signs, and files the 5500 on behalf of the company
  • Typically, best suited for smaller businesses and organizations

FLIP ME

CHOICE POOLED EMPLOYER PLAN℠

Choice Pooled Employer Plan℠ treats the plans of multiple unrelated employers as one large plan and allows employers to choose from two cost-effective investment platform options.

CHOICE POOLED EMPLOYER PLAN℠

  • Treats multiple plans as one large plan
  • Sponsored by a Pooled Plan Provider (PPP)
  • PPP handles administration and oversight
  • Files one combined Form 5500 for the PEP
  • Large plans benefit from reduced audit costs
  • [Your choice of 3(38) investment managers]

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

  • [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
  • Annual Fee Negotiations
    With Vendors
  • 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
  • Plan Document Preparation
  • ERISA Bond Review
  • Error Correction Monitoring
  • Fiduciary Insurance
    Coverage Review
  • Force Out Processing
  • Form 5330 Preparation
  • 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 Preparation
    & Archiving
  • Plan Irregularity Notification
  • QDIA Notice Distribution
  • QDRO Determinations
    & Reporting
  • Quarterly Investment
    Review Meetings
  • Rate Change 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
  • Trustee Duties
  • Review & Process Payroll Files
  • Vesting Verification & Tracking
  • Year End Data Collection
    & Review

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.

The bottom line:

Employers can focus on their business rather than running a retirement plan

ADVANTAGES

The Advantages of Lifetime Advisors Retirement Plan Advantage Choice Pooled Solutions℠

Compliant

Employers don’t want fines or penalties. TAG Resources' processes are developed to administer plans to be DOL and IRS compliant.

Well Known Providers

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.

Make It Simple

Employers don’t want to be 401(k)/403(b) experts. TAG Resources oversees plan set-up, implementation, monitoring, enrollment, and other duties.

Fiduciary Protection

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.

Cost Effective

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

Lifetime Advisors

Lifetime Advisors

Our diverse team of planning professionals at Lifetime Advisors has decades of experience in their individual fields. We came together to fill a gap in the market that has generally been underserved or priced out of the support the larger accounting firms can provide.
Website

RECORDKEEPER

TRANSAMERICA

Transamerica is an industry-leading recordkeeper with over 20 years of experience with pooled arrangements. Their time-tested recordkeeping technology offers a proven infrastructure allowing for pooled arrangements, ensuring a plan will be administered successfully and accurately for the plan participant’s transition to retirement.
Website

Financial Advisor

Ian Grove

He is an owner in the CPA Firm.
Contact

PLAN ADMINISTRATOR TYPE 3(16) & 402(A)

TAG RESOURCES

Transamerica is an industry-leading recordkeeper with over 20 years of experience with pooled arrangements. Their time-tested recordkeeping technology offers a proven infrastructure allowing for pooled arrangements, ensuring a plan will be administered successfully and accurately for the plan participant’s transition to retirement.
Website
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INVESTMENT MANAGER

Mesirow

As the named ERISA 3(38) Investment Fiduciary in the plan document, the Investment Manager is responsible for the selection and monitoring of the funds in the investment menu in accordance with the Investment Policy Statement for the plan. TAG Resources works with leading global providers of investment services staffed by research professionals, many of whom have hands-on fund management experience and the human capital, technology, and experience to manage investment risk and return outcomes.
Wesbite

PPP

Smart Retire

Smart Retirement Solutions, Inc (SRS) is a subsidiary of Smart, a global savings and investments technology provider. Its mission is to transform retirement, savings, and financial well-being, across all generations, around the world. Smart, founded in the UK, operates in the USA, Europe, Australia, and the Middle East with over a million savers and over $5 billion in assets. SRS has a history of fiduciary oversight internationally. SRS’s global parent company has managed the Smart Pension Master Trust in the UK since 2015, a structure very similar to a PEP. The Board of Trustees of the Master Trust is the UK equivalent of the PPP. The Board selects, monitors, and oversees the service providers to the plan and is accountable to the Pensions Regulator.
Wesbite

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.

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Years of pooled plan experience

As of December 31, 2022

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Plan Sponsors

0

Adopting employers

CONTACT US

Lifetime Advisors Retirement Plan Advantage

Contact Us

Let Us Tell You More. Contact Us Now.

Email

ian@lifetimeadvisors.com

Phone

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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