Phillips Group – TAG Co-Brand

The Phillips Group 401(k) Retirement Plan Exchange is a Complete, Cost-effective, Turnkey Retirement Solution.

The Phillips Group has partnered with TAG & Transamerica 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 THE EXCHANGE®

The Phillips Group 401(k) Retirement Plan Exchange® is powered by The TAG & Transamerica 401(k) Retirement Plan Exchange® platform. 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.

5 Advantages with The Phillips Group 401(k) Retirement Plan Exchange®

TAG Makes it Simple

Fiduciary Protection

Compliant

Well known Providers

Cost Effective

TAG Makes it Simple

Fiduciary Protection

Compliant

Well known Providers

Cost Effective

ADMINISTRATIVE

THE OVER 90% ADVANTAGE WITH THE PHILLIPS GROUP 401(k) RETIREMENT PLAN EXCHANGE®

A major DIFFERENTIATOR of The Phillips Group 401(k) Retirement Plan Exchange® for you as a participating employer is the reduced administrative tasks you have to perform on your 401(K).

YOUR RESPONSIBILITIES WITHOUT THE PHILLIPS GROUP 401(k) RETIREMENT PLAN EXCHANGE®

YOUR RESPONSIBILITIES WITH THE PHILLIPS GROUP 401(k) RETIREMENT PLAN EXCHANGE®

[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

Monitor Service Providers
Upload Payroll Files
Year-End Data Collection

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 allowed by law.

THE PHILLIPS GROUP TAKES ON OVER

OF THE RESPONSIBILITIES

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 Phillips Group 401(k) Retirement Plan Exchange® & TAG Resources, as named fiduciaries on your plan, will mitigate liability risk for you.

CORE

Removes Pressure

Takes pressure off your internal administrative resources and allows you to use those resources elsewhere

ERISA Support

Provides access to service providers with ERISA and investment expertise

Fiduciary Liability

TAG delivers fiduciary liability protection at the highest level.

Work with Investment Professionals

Outsources investment selection responsibility to investment professionals

OVER TWENTY YEARS

Retirement plan providers are currently struggling to deal with pooled structures. Many are enthusiastically working with pooled plans, such as PEP’s, for the first time. TAG Resources and Transamerica have been the innovators 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 & Transamerica have 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 PMA 401(k) Retirement Plan Exchange® outsources the liability and compliance to TAG Resources to the highest extent. 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.

PARTICIPANT

DRIVING PARTICIPANT SUCCESS

The participant experience is designed to help people understand if their savings and investment strategy is in line with their retirement goals. It starts with enrollment and continues with personalized communications and financial education showing participants how they can improve their retirement readiness.

An easy-to-understand forecast generated by the underlying methodology provided by Morningstar. Using simple weather icons, it shows participants if their current investment strategy is likely to produce the income they’re seeking in retirement and offers steps to improve their chances of achieving their goals. Your Retirement Outlook is featured prominently on the participant website, mobile app, and quarterly statements.

KEY

Association

The Phillips Group

The Phillips Group is a California-based accounting firm that helps dental and medical professionals achieve personal, professional, and financial growth.

Healthcare professionals know how complicated finances can be. That’s why our business, The Phillips Group, is focused on making your finances easier to understand. Our mission is to help you make sense of your finances so you can focus more on your patients and practice.

Website

CERTIFED FINANCiAL PLANNER

Timothy McNeely

Tim McNeely is CEO and Founder of LifeStone Family Office. Using a consultative wealth management approach, Tim has helped busy dentists and entrepreneurs make informed decisions about their money so they can spend more time focusing on what they love to do and less time worrying about their retirement plan.

However, what matters most is Tim meeting his wife, Dana Yeoman D.D.S. In the process of joining lives together, Tim saw that he could have a big impact on Dana’s business. Seeing his wife’s frustration with the complexity of running a dental practice he set out to make things simple. Since meeting his Dana, Tim has helped busy dentists and entrepreneurs make informed decisions about their money so they can spend more time focusing on what they love to do and less time worrying about their retirement plan.

CONTACT ADVISOR

Plan Administrator

TAG RESOURCES

TAG Resources is the Plan Administrator and a Named Fiduciary, as defined under ERISA sections 402(a), 3(16), and 3(21). It is our job to perform all functions necessary to keep your plan compliant.

As such, TAG Resources is responsible for the day-to-day operations of your plan. The functions we perform on your behalf include: the signing and filing of the Form 5500, QDRO determinations, service of legal process related to the plan, plan operations, participant claims and appeals, distributions, beneficiary determinations, including any related extensions to the plan.

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

INVESTMENT MANAGER

Dynamic Wealth Advisors

Dynamic Wealth Advisors is a national network of fiduciary advisors throughout the U.S. that focuses on
servicing and assisting plan sponsors in achieving their personal, corporate, and retirement plan goals in
a high quality, fiduciary manner. By putting the client’s interests first, Dynamic Wealth and its advisors
are able to objectively listen to each client’s unique needs and circumstances before developing
strategies and solutions. We strive to create a people-centric work environment and a culture that
encourages a well-balanced life for plan sponsors and participants alike.

WESBITE

All investment advisory services are offered through Dynamic Wealth Advisors.

Timothy J. McNeely is an Investment Advisor Representative with Dynamic Wealth Advisors dba Lifestone Family Office. All investment advisory services are offered through Dynamic Wealth Advisors.

Your Retirement Outlook: 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 Retirement Plan Exchange® 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.

Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528.

The Pyramid logo, Retirement Plan Exchange®, OnTrack®, Your Retirement Outlook® and Brighten Your Outlook® are registered service marks of Transamerica. All companies identified are separate and unaffiliated organizations.

EMPLOYERS DON’T WANT TO BE 401(k) EXPERTS.

Employers don’t want to be at risk.

Employers don’t want fines or penalties.

Employers don’t want to overpay.

Employers want to work with industry leaders.