DOES YOUR FIRM OFFER A POOLED RETIREMENT SOLUTION WITH CHOICES FOR YOUR CLIENTS?
TRANSAMERICA CHOICE POOLED SOLUTIONS
POWERED BY TAG RESOURCES AND TRANSAMERICA
WHAT IS IT?
Transamerica Choice Pooled Solutions revolutionizes retirement planning in the industry, providing a comprehensive two-in-one pooled solution. Whatever size business your firm’s 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. Plus, our fiduciary outsourcing allows your clients to concentrate on their business growth and development without worrying about the day-to-day administration of their retirement plans.
The flexibility to meet your needs
The Transamerica Choice Pooled Solutions product is unique because it consists of two plan configurations that you can use to tailor a plan for your client: The 401(k) Retirement Plan Exchange® and the Choice Pooled Employer Plan℠ (PEP).
PICK THE BEST OPTION FOR YOUR CLIENT
Transamerica Choice Pooled Solutions takes on over 90% of your firm’s Administrative Responsibilities
YOUR CLIENTS RESPONSIBILITIES WITHOUT The Transamerica Choice Pooled Solutions
VS
YOUR CLIENTS RESPONSIBILITIES WITH The 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:
Your Firm’s Clients can focus on their business rather than running a retirement plan
The Marketing advantage
Transamerica is dedicated to [Advisor firm names) ongoing success.
As an advisor working with us, you will have access to our co-branded marketing materials to help [ADVISOR FIRM NAME] kick-start your new solution. You can use these materials to market to new and existing clients. To show you our commitment to [ADVISOR FIRM NAME] choosing us, we have prepared a sample pitch deck for you to preview. Our co-branding options also include video and print materials.
Contact[Sales Representative] for more details.
DEPARTMENT OF LABOR AUDITS CAN BE COSTLY FOR YOUR CLIENTS BUSINESS!
The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000. The DOL penalty for late filing can run up to $1,100 per day, with no maximum.
Transamerica Choice Pooled Solutions and TAG Resources, as named fiduciaries on your plan, will mitigate this risk for you.
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. Transamerica Choice Pooled Solutions combines industry-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 oversees 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. 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.
Many comapnies are enthusiastically working with pooled plans, such as pooled employer plans (PEPs), for the first time. TAG Resources and Transamerica have been the innovators in pooled structures for over 20 years. 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. The 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.
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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