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...
The Prototype Model. This is a model that has quite a few names. On Friday of Memorial Day weekend 2012, TAG received the response to our DOL opinion request; by Monday we had a draft of the model that would succeed The Open MEP®- we...
I had the good fortune to be invited up to speak to the TE/GE Summit recently. Many of the brightest minds in the business were present and a clear undercurrent of the discussions centered around our industry being in a state of transition. MEPs were...
This is the first of a two-part series on our Mission Statement and Core Values. We hope you enjoy this sequence as we give you a glimpse of the strategic concepts that help serve as guiding principles for the team at TAG. TAG’s Mission Statement as codified...
Who should use which? President Obama has recently joined in the conversation around providing employees of small and medium sized companies retirement plans. He is specifically expressing support of “The Open MEP®” concept. The President rightly feels that the benefits of this program far outnumber any...
As I move past 6 months as the Chief Operating Officer for this great company, I wanted to take a moment to compare and contrast my background in the Armed Forces to what we do in the retirement services industry. About a year ago I...