401k Advantage with TAG Resources
(Continued from Page 1 of the March Newsletter)
Employers Group partnered with TAG Resources because most 401(k) plans on the market do not meet these client requirements. For example:
In 2013 75% of 401(k) plans that were audited by the Department of Labor failed the audit resulting in $1.7B in fines and penalties.
The Employers Group Retirement Solution will address each of these areas with the TAG Resources Program.
1. Easy to Administer
EG/TAG Feature – TAG and their experts become your 401(k) department, eliminating 95% of the tasks that company employees are responsible for performing.
2. Keep in Compliance
EG/TAG Feature – TAG administers your plan – TAG keeps you in compliance.
3. Protect from Fiduciary Liability
EG/TAG Feature – TAG acts as Named Fiduciary on your plan to a level unprecedented in the industry. You don’t have to lose sleep over the growing concern about the personal fiduciary risk of administering a 401(k) .
4. Substantial Provider
EG/TAG Feature – TAG is the largest “end to end”, full service 401(k) provider in the US and their partners Transamerica (for recordkeeping) and Mercer (for investment management) are two of the largest financial institutions in the world allowing employers of all sizes to enjoy the same benefits as large corporations. TAG is also Transamerica’s largest Exchange 401(k) product.
5. Affordable Cost
EG/TAG Feature – TAG programs are competitively priced, even with the additional features their programs provide. In many instances TAG programs actually cost less than programs that don’t offer these services.
Employers Group and TAG will be hosting a series of webinars to support the rollout of the Employers Group Retirement Solution and to answer questions. Please click on one of the links below to register for one of these webinars.
Program Specifics Webinar
This webinar will cover specifics of the partnership and the TAG offering and will answer questions regarding differences between the EG/TAG offering and your current plan. It will be offered at three different times. Please click on the date that is most convenient for you from the choices below.
TAG Resources Video
Click here to see a 3 minute video of TAG services.
EG/TAG Web Page
Click here to visit a web page with more detailed information about this new partnership and program.
For More Information Call – 865-243-2012