By Robert Toth on February 24, 2020 POSTED IN 403(B), SECURE ACT The SECURE ACT introduced a concept which was not known well beyond a handful of 403(b) practitioners, that is the “distribution” of 403(b) individual custodial accounts from 403(b) plans. The lack of understanding of what this actually means has even...
Presented by Phil Tisue CEO, TAG Resources LLC The Basics Any profit sharing or stock bonus plan that meets certain participation requirements of IRC Sec. 40l{k) can be a cash or deferred plan. An employee can agree to a salary reduction or to defer a bonus...
Presented By Phil Tisue Under a regular 40l(k), 403(b), or 457(b) governmental plan, a participant chooses to defer a portion of his or her compensation into the plan. Such "elective deferrals" are made on a pre-tax basis, any account growth is tax deferred, and withdrawals are...
ERISA Advisory Council U.S. Department of Labor Hearing on Outsourcing Employee Benefit Plan Services August 19, 2014 Statement for the Record Troy Tisue President, TAG Resources, LLC Knoxville, TN Executive Summary The upcoming discussion on fiduciary outsourcing, and how this could affect coverage, is an...
Did you think that if you have plan under 3 million that there really is no exposure? This is actually a large misconception. Small plan violations can result in LARGE DOL penalties. Check out our video about the common misconceptions that are associated with plans. TAG...
Its the “Sleeper” in the Act of which Document Drafters Need to Be Wary" Not a lot of attention is being given in the” benefits press” to Section 109 of the SECURE Act, which enables something called “Portability of Lifetime Income Options.” But it is one...
“Effective Dates” Listing for the SECURE Act Provisions By Robert Toth on December 18, 2019 POSTED IN SECURE ACT The SECURE Act will make substantial and highly technical changes to some very specific elements of retirement plan laws, many to which we have been putting a good deal of attention (and written...
News FOR IMMEDIATE RELEASE TAG Resources, Mesirow Financial announce partnership to provide fiduciary services for 401(k) retirement plans CHICAGO, October 16, 2018 – TAG Resources and Mesirow Financial announced today that Mesirow Financial has been appointed by TAG Resources to act as the 3(38) Investment Manager on the TAG 401(k)...
Several states have either already rolled out programs mandating retirement plans for small businesses or are preparing to do so. These programs are being called by some, “The most ambitious push to expand retirement security since the passage of Social Security in the 1930s.” While the respective state programs...
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