THE POWER OF CHOICE AT YOUR FINGERTIPS

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WHAT IS IT?

PHD Retirement Consulting Choice Pooled Solutions ℠ 

POWERED BY TRANSAMERICA AND TAG RESOURCES

PHD Retirement Consulting 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, PHD Retirement Consulting 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.

College students are discussing with advisor

 The flexibility to meet your needs

PHD Retirement Consulting 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

PHD Retirement Consulting Choice Pooled Solutions℠  takes on over 90% of your Administrative Responsibilities

YOUR RESPONSIBILITIES WITHOUT The PHD Retirement Consulting 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 and

 coverage testing

• Annual fee negotiations

 with vendors

• Audit completion support

• Audit firm hiring and   

   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

• Form 5500 preparation,

signing, and filing

• Form 8955 preparation,

signing, and filing

• Fund change notice distribution

• Hardship withdrawal approval

• Loan approval and reporting

• Loan default monitoring

• Loan policy administration

• Lost earnings calculations

• Participant enrollment assistance

• Payroll aggregation

• Payroll file aggregation

• Plan design review

 

• Plan design review

• Plan document interpretation

• Plan document preparation

and archiving

• Plan irregularity notification

• QDIA notice distribution

• QDRO determinations and

reporting

• Quarterly investment

review meetings

• Rate change monitoring

and reporting

• Required minimum distributions

• Safe harbor notice distribution

• SAR production and distribution

• SMM notice distribution

• SPD production and distribution

• Spousal consent approvals

• Termination date verification

and maintenance

• Termination withdrawal approval

• Trustee duties

• Review and submit payroll files

• Vesting verification and tracking

• Year-end data collection and review

VS

YOUR RESPONSIBILITIES WITH PHD Retirement Consulting 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.

LET US MAKE YOUR JOB EASIER

Improve accuracy, save time and effort 

SIMPLIFIED PAYROLL AND RECORDKEEPING

PayStart provides a service for qualifying clients that allows contribution data to be sent directly from the payroll vendor to Transamerica, eliminating the need for the plan sponsor to create and manipulate a separate file. This can help your organization:

SAVE TIME

Transfer of participant compensation, contribution, and other data to Transamerica happens automatically and securely

REDUCE COSTS

Payroll uploads and deferral changes are no longer timeconsuming tasks, allowing for more efficiency

IMPROVE ACCURACY

Automated integration reduces opportunities for compliance issues and can save your staff time from dealing with errors

ENHANCE PRODUCTIVITY

With automation, staff can recover their time and focus on other important matters

THE BEDROCK REPORTING SYSTEM

TAG RESOURCES PROPRIETARY SOFTWARE

With data gathered from contribution files from the plan sponsor and recordkeeper, TAG can match employees with specifics provided in the plan document to determine eligibility and verify participant information. In addition, the system captures rate changes, new loans, and hardship withdrawals and monitors contributions and distributions to ensure compliance with plan documents and [401(k)/403(b)] limits. Every step in the process is time-stamped, so the complete data cycle is monitored. The system allows TAG to monitor operational health and catch minor errors before exposing the plan to compliance violations.

The bottom line:

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

ADVANTAGES & CORE BENEFITS

The Advantages of The PHD Retirement Consulting 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. PHD Retirement Consulting 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 TAG Re, employers can mitigate the most defined legal obligations and responsibilities.

Cost Effective

Employers don’t want to overpay. PHD Retirement Consulting is built on a pooled pricing model and often costs less than other programs offering fewer comprehensive services.

A DEDICATED TEAM behind PHD Retirement Consulting Choice Pooled Solutions

MEET THE TEAM

PHD Retirement Consulting

PHD Retirement Consulting

Our team consists of Plan Fiduciary Advisors who serve Plan Fiduciaries (and the retirement plans that those Plan Fiduciaries sponsor). We’re not involved in wealth management or selling insurance. We focus on one thing: workplace retirement plans. Our passion is helping Americans retire better and our goal is to get every employee across the finish line. We’re benefits consultants and the benefits we provide are group retirement plans and financial wellness programs.
Website

Troy Redstone CPFA®

Troy Redstone

An 18-year veteran of the industry, Troy founded PHD. and serves our retirement plans as a Certified Plan Fiduciary Advisor (CPFA®), a Certified Behavioral Finance Analyst (CBFA®), a Certified Financial Education Instructor (CFEI®), and an Accredited Investment Fiduciary (AIF®). His degrees are in Behavioral Psychology and Finance, which is essentially the study of why people do the stuff they do … with money. He doubled majored at The University of Alabama (B.A. in Behavioral Psychology and Journalism) before securing a Master of Divinity from Anderson University and pursuing an M.B.A. in Finance from Rockhurst University.
Website

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

INVESTMENT MANAGER

LPL Financial

“The 3(38) is a named fiduciary to the plan, responsible for the investment selection, monitoring, and ongoing due diligence of investment funds.”
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

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

PHD Retirement Consulting

Contact Us

Let Us Tell You More. Contact Us Now.

troy@phdfirm.com

Phone

913-991-1527

“Investment Manager 3(38) services when offered are provided through LPL Financial, LLC (LPL). Plan Advocate makes securities and investment advisory services

available through LPL, a SEC registered investment advisor and broker-dealer, Member FINRA/SIPC. Plan Advocate may separately make other advisory services

available through Independent Square Holdings, LLC (Independence Square), a SEC registered investment advisor. Plan Advocate and Independence Square are

separate entities and not affiliated with LPL.

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.

©2023 Transamerica Corporation. All rights reserved.

©2023 Rev8lation Media LLC 

2691907 2/23

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