Retirement plan companies are scrambling to create pooled plans but very few have any experience. They may be building solutions that fail to provide the best options. TAG Resources created the way pooled plans work today. Putting your trust in the company that originally paved the way for pooled plans to exist provides an extra layer of security. Paylocity has teamed with amazing providers TAG Resources and John Hancock to offer the new Signature Fiduciary Connect™
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, IL. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle today’s challenges while moving them toward the promise of tomorrow. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement.
We Have Solutions.
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.
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.
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.
Signature Fiduciary Connect™ 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.
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.
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.
With TAG Resources at the helm of your retirement solution, you can stay on top of your business, knowing that the day-to-day responsibilities of your plan are being looked after.
TAG performs over 90% of administrative duties.
By using Paylocity's trusted providers.
We leverage the Power of Partnership to benefit our clients