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.
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℠.
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:
Transfer of participant compensation, contribution, and other data to Transamerica happens automatically and securely
Payroll uploads and deferral changes are no longer timeconsuming tasks, allowing for more efficiency
Automated integration reduces opportunities for compliance issues and can save your staff time from dealing with errors
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 ℠
Your clients don’t want fines or penalties. TAG Resources processes are developed to administer plans to be DOL and IRS compliant.
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.
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.
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.
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
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.
As of December 31, 2022
At any time, employers are easily integrated, enrolled, and tracked in the Transamerica platform.
Participant
Experience
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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