As of December 31, 2022
DOES BISON WEALTH OFFER A POOLED RETIREMENT SOLUTION WITH CHOICES FOR THEIR CLIENTS?
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TRANSAMERICA CHOICE POOLED SOLUTIONS℠
POWERED BY TRANSAMERICA AND TAG RESOURCES
WHAT IS IT?
Transamerica Choice Pooled Solutions revolutionizes retirement planning in the industry, providing a comprehensive two-in-one pooled solution. Whatever size business Bison Wealth clients have, Transamerica Choice Pooled Solutions℠ offers plans tailored to uniquely meet their needs while offering competitive pricing that generally goes hand-in-hand with large-scale setups.
HOW IS OUR POOLED ARRANGEMENT DIFFERENT?
Transamerica Choice Pooled Solutions℠ product is unique because it consists of two plan configurations Bison Wealth can use to tailor a plan for your clients: Retirement Plan Exchange® and Choice Pooled Solutions℠. (PEP)
The 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.
The Choice PEP treats the plans of multiple unrelated employers as one large plan and allows employers to choose from two cost-effective investment platform options.
Transamerica Choice Pooled Solutions℠ takes on over 90% of [ADVISOR FIRM NAME] clients Administrative Responsibilities
YOUR CLIENTS RESPONSIBILITIES WITHOUT [Program Name] Transamerica Choice Pooled Solutions℠
YOUR CLIENTS RESPONSIBILITIES WITH [Program Name] Transamerica Choice Pooled Solutions℠
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:
BISON WEALTH Clients can focus on their business rather than running a retirement plan
ADVISOR BRANDED MARKETING
Transamerica is dedicated to Bison Wealth’s ongoing success.
As an advisor working with us, you will have access to marketing materials branded for you. Bison Wealth can use these materials to market this new solution to new and existing clients. To show you our commitment to Bison Wealth choosing us, we have prepared a sample pitch deck for you to preview. Our marketing options also include video and print materials.
Contact [SALES REP] for more information.
THE ADVANTAGES OF TRANSAMERICA CHOICE POOLED SOLUTIONS℠
A DEDICATED TEAM BEHIND The Transamerica Choice Pooled Solutions℠
MEET THE TEAM
DRIVING PARTICIPANT SUCCESS
Over Twenty Years
Business owners trust Transamerica to help provide the right retirement plan choices for their clients.
Transamerica has been an innovator in pooled structures for over 20 years, and 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 meet those needs.
Additionally, retirement plans carry significant fiduciary liability and government compliance exposure for employers. Transamerica Pooled Solutions℠ outsources most fiduciary responsibilities and compliance to TAG Resources to the greatest extent available. 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 client’s retirement plan.
As of December 31, 2022
At any time, employers are easily integrated, enrolled, and tracked in the Transamerica platform.
Driving Participant Success
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.
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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
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