DOES [ADVISOR FIRM NAME] OFFER A POOLED RETIREMENT SOLUTION WITH CHOICES FOR THEIR CLIENTS? 

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

This video will be an RVP introducing themselves directly to the client or a generic video.  The RVP-recorded video will be scripted and approved by compliance. 

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 [ADVISOR FIRM NAME] 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.  

Business people discussing new project in office. Team of business professionals having a meeting

HOW IS OUR POOLED ARRANGEMENT DIFFERENT?

Transamerica Choice Pooled Solutions℠ product is unique because it consists of two plan configurations [ADVISOR FIRM NAME] can use to tailor a plan for its clients:  Retirement Plan Exchange® and Choice Pooled Employer Plan℠. 

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

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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]

Transamerica Choice Pooled Solutions ℠  takes on over 90% of  [ADVISOR FIRM NAME] clients Administrative Responsibilities

YOUR CLIENTS’ RESPONSIBILITIES WITHOUT 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 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 CLIENTS’ RESPONSIBILITIES WITH  Transamerica 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:

[ADVISOR FIRM NAME]  Clients can rather than running a retirement plan

ADVISOR BRANDED MARKETING

Transamerica is dedicated to [Advisor firm names] ongoing success. 

[ADVISOR FIRM NAME] can use our range of marketing materials to elevate their presentations and connect with new or existing clients. From co-branded landing pages and videos to print media – we have your back! Our objective is clear: help [ADVISOR FIRM NAME] stand out from the crowd to generate more leads and impact business growth.  We have partnered with Rev8lation Media to offer our advisor clients video services at reduced rates. You can add a video to the landing page we have created for you. Click the buttons below to see your custom landing page and learn more about video services. 

*Please make sure this landing page is approved by your compliance department or broker dealer before use.

[ADVISOR FIRM NAMES] clients marketing

We don’t just help [ADVISOR FIRM NAME] market our new partnership. We help your clients as well.

We offer marketing materials branded for your clients who use Transamerica Choice Pooled Solutions℠. [ADVISOR FIRM NAME] can use this offering as a part of their marketing efforts for their clients. The materials include a co-branded landing page for your clients, the option of adding a co-branded video specific to the chosen solution, and co-branded print materials. 

Visit www.tagcobrand.com 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. We combinesindustry-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. Our solution 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

[PROGRAM NAME]

[PROGRAM NAME]

ABC ORGANIZATION BIO GOES HERE
Website

PLAN ADMINISTRATOR TYPE 3(16) & 402(A)

[PROGRAM NAME]

• Serves as named fiduciary • Performs administrative functions to keep plan compliant • Responsible for day-to-day plan operations, including
Website

FINANCIAL ADVISOR

This is the heading

• Helps employers with due diligence selecting a plan provider • Identifies ways to reduce administrative duties for employer at competitive cost • Offers services to help increase plan participation • Lends support with comprehensive education program for employees • Provides investment guidance and education for employees • Conducts plan reviews • Suggests plan design enhancements
Contact

RECORDKEEPER

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

As the named ERISA 3(38) Investment Fiduciary in the plan document, the Investment Manager is responsible for the selection and monitoring of the funds in the investment menu in accordance with the Investment Policy Statement for the plan. TAG Resources works with leading global providers of investment services staffed by research professionals, many of whom have hands-on fund management experience and the human capital, technology, and experience to manage investment risk and return outcomes.
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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 Choice 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.

Would [Advisor Firm Name] like to request a proposal?

[Add in Sales Rep Contact info]

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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