DOES BISON WEALTH OFFER A POOLED RETIREMENT SOLUTION WITH CHOICES FOR THEIR CLIENTS?

What makes us unique? Check out our video to find out. 

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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.  

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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)

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RETIREMENT PLAN EXCHANGE®

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.

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

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CHOICE POOLED SOLUTIONS℠

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.

CHOICE POOLED SOLUTIONS℠

  • 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]

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℠

  • [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

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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℠ 

Compliant

Your clients don’t want fines or penalties. TAG Resources processes are developed to administer plans to be DOL and IRS compliant.

Well Known Providers

Your clients want to work with industry leaders. Transamerica Choice Pooled Solutions℠ combines industry-leading professional service providers for “end-to-end” retirement plan oversight, including robust tools and resources for employees.

Make It Simple

Your clients don’t want to be 401(k)/403(b) experts. TAG Resources' processes oversee plan set-up, implementation, monitoring, enrollment, and other duties.

Business Colleagues Watching Presentation

Fiduciary Protection

Your clients don’t want to be at risk. By shifting administrative and certain named fiduciary duties to TAG Resources, employers can mitigate the most defined legal obligations and responsibilities.

Cost Effective

Your clients don’t want to overpay. Transamerica Choice Pooled Solutions℠ is built on a pooled pricing model and often costs less than other programs offering fewer comprehensive services.

A DEDICATED TEAM BEHIND The Transamerica Choice Pooled Solutions℠ 

MEET THE TEAM

DRIVING PARTICIPANT SUCCESS

Over Twenty Years

Of Experience

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.

0

Years of pooled plan experience

As of December 31, 2022

0

Plan Sponsors

0

Adopting employers

At any time, employers are easily integrated, enrolled, and tracked in the Transamerica platform.

Participant

Experience

Driving Participant Success

The Transamerica 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.

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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. Administrative Group, LLC dba Transamerica Fiduciary Services is the PPP, a named plan fiduciary, and Administrative Group, LLC dba TAG Resources is the 3(16) Plan Administrator and TPA, a named fiduciary, and is a wholly owned subsidiary of Transamerica. Transamerica Retirement Solutions, LLC is the recordkeeper for the PEP. Transamerica Retirement Solutions, LLC does not act as a plan fiduciary. 

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. 

©2024 Transamerica Corporation. All rights reserved. 

©2024 Rev8lation Media LLC 

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