When the Employee Retirement Income Security Act (ERISA) plans an event in Washington, DC, and invites people from the Internal Revenue Service (IRS), the Department of Labor (DOL), and the Pension Benefit Guaranty Corporation (PBGC), then asks them to create a form to collect information...
In late June 2016, ERISA attorney Robert Toth published a post on his blog, BusinessofBenefits.com, giving reinforcement to the position that retirement programs similar to TAG Resources’ The Prototype Plan™ are a more effective alternative at providing scale than the MEP platform. Toth cites an Interpretive...
So far in 2016 the markets have been unusually volatile. Through February the S&P 500 fell 10.27%, making many investors very uneasy and some outright scared. These feelings are completely understandable. By the end of March, the S&P had recovered and was up year to date. Those...
There are two types of fiduciaries a Plan Sponsor can hire for their retirement plan assets. The first is an ERISA 3(21) fiduciary who does not necessarily exercise any authority or control over the management of the plan or the management of its assets. A...
The Pension Protection Act (PPA) restatements are finally behind us for another six years and we, at TAG, are breathing a sigh of relief like I am sure a lot of 401(k) providers are. Now that everyone has had a chance to review and update their...
Several factors are driving the conversation recently around reducing or eliminating fiduciary liability from business 401(k) offerings. Most business owners (estimated to be at least 80%) have no idea that their 401(k) represents a significant exposure to this type of liability, and the other 20%...
This article contains information from a Department of Labor Communication Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an employer can make. The employees participating in the plan, their beneficiaries, and the employer all benefit when a retirement plan is...
The new day has dawned and now we’re ALL fiduciaries. For the retirement plan advisor community, it’s proven to be a lot of hype about nothing at all, really. The final regulations that came out within the last month or so, with a few exemptions,...
TAG’s commitment to plan management is recognized as top tier in the industry, and this is no accident. Simply put, we do 401(k) differently and with passion. A key ingredient in our success formula lies in much more than numbers and inputs. We believe in...
The 401(k) Audit – One Term – Multiple Meanings When people talk about 401(k) audits it can be a bit confusing. The same term is widely used for three different scenarios. Let’s sort them out. Annual Audit: There is a DOL 401(k) Annual Audit required for large plan...