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A Different Kind Of Retirement Solution

Welcome to a dramatically lower cost pooled employer retirement solution

The National Association of Professional Insurance Agents has done extensive due diligence to find a retirement solution that saves members money, reduces their fiduciary risk, and outsources more than 90% of their duties. Introducing The PIA 401K  powered by Target Retirement Solutions, TAG Resources, Transamerica, and Fiduciary Plus.

Who is The National Association of Professional Insurance Agents?

The National Association of Professional Insurance Agents or PIA is the premier association for professional independent insurance agents; PIA has provided excellence to its members for 90 years. PIA has members in all 50 states, Puerto Rico, U.S. Virgin Islands, District of Columbia, and Guam. Through the strength of PIA affiliates, we are able to advance the independent agency system from coast-to-coast.

 

What do your administrative duties look like with and without this new solution?

Many employers are unaware of the actual list of responsibilities that befall them when they take on their own retirement plan.

TAG performs over 90% of administrative duties.

A better fit for you and your employees

Less risk for you also means more security for the employees you manage. This can lead to better and more qualified employees.

Cost Effective

Pooling hundreds of company retirement plans together provides scale that allows The PIA 401K to provide members with lower cost even with expanded services.

Outsource Administration

Over 90% of your administrative tasks will be handled through the outsourcing administrative duties to retirement professionals.

Outsource Liability

Simply failing to file a 5500 tax form on time can cost as much as $2,140 Dollars PER DAY! Plans administered through the Retirement Plan Exchange are designed to meet IRS and DOL regulations.

Not a member but want to achieve this excellent benefit?

By becoming a valued member of the PIA 401K you get access to this cutting edge Retirement Plan Exchange powered by TAG Resources, Transamerica, and Fiduciary-Plus. Learn more about becoming a member. By virtue of being a member you get instant access to the solution.

Our Partners

Our industry leading partners behind the associations solution

Connecting participants to the power of their solution

With more than 85 years of experience helping people prepare for retirement, Transamerica is one of the most recognized, trusted names in financial services. As a pioneer in pooled-plan solutions, we equip plan sponsors with the tools, resources, and professional support to help their employees pursue a healthier, more secure future.

Fiduciary-Plus

Fiduciary Plus is a named fiduciary to the plan, responsible for the investment selection, monitoring and ongoing due diligence of the funds in the investment menu in accordance with the Investment Policy Statement (IPS) for the Plan. RPA Financial helps business owners and plan committees manage fiduciary liability by accepting responsibility for investment decisions as an ERISA defined 3(38) discretionary investment manager and also offers clients cost analysis with annual fee benchmarking, plan governance educational webinars, and a fiduciary vault to support storage of vital documentation. RPA Financial as the 3(38) Investment Manager has over $12.6 billion in assets under advisement as of December 31, 2018.

Target Retirement Solutions

As a Professional Retirement Plan Advisory Firm, we help business owners and their employees get the most out of their retirement plans. Business owners benefit from tax savings and employee retention as well as avoiding the many potential potholes of running a plan, saving you and your staff time administering the plan. Employees understand and utilize the plan to the fullest so they can retire when they want to.

The largest "end to end" bundled provider in the U.S.

TAG Resources ensures your plan reaps long-term rewards with easier day-to-day operations. As the largest end-to-end retirement plan provider in the US, TAG is recognized nationally for pioneering unique pooled Retirement Programs, bundling retirement plans together in a service model previously only available for very large companies.

Ready for a better 401k Plan?

The companies identified above are separate and unaffiliated organizations. Logos and trademarks are the intellectual property of their respective owners.

Securities and advisory services offered through Commonwealth Financial Network®, www.FINRA.org / www.SIPC.org, a Registered Investment Adviser. Fixed Insurance products and services offered through the DiMatteo Group 79 Bridgeport Ave. Shelton, CT. 06484 203-924-5408. This communication is strictly intended for individuals residing in the states of CA, CT, FL, GA, IL, MA, ME, NC, NH, NY, OH, PA, SC, TX, VA, VT, WV. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services. Review our Terms of Use: www.commonwealth.com/termsofuse.html
Fixed Insurance products and services and tax and accounting services offered by DiMatteo Group, are separate and unrelated to Commonwealth.

Retirement Plan Exchange® is a registered service mark of Transamerica. The Exchange 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 an Exchange 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 Exchange as a whole.

Responsibilities Without TAG

  • 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
  • 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
  • ERISA Bond Review
  • Error Correction Monitoring
  • Fiduciary Insurance Coverage Review
  • Force Out Processing
  • Form 5330 Preparation, Signing, & Filing
  • 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 Interpretation
  • Plan Document Preparation & Archiving
  • Plan Irregularity Notification
  • QDIA Notice Distribution
  • QDRO Determinations & Reporting
  • Quarterly Investment Review Meetings
  • Rate Changes 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
  • Top Hat Preparation, Signing, & Filing
  • Trustee Duties
  • Vesting Verification & Tracking
  • Year End Data Collection & Review

These are your responsibilities with TAG

Upload Payroll Files to TAG

Monitor TAG

Provide Year-End Data for Testing