You can love your 401k.

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We challenge you

to find a 401k on the market that is easier, more compliant, or safer.

Many employers have concerns about having a 401k.

Why?

  • They're time-consuming to administer: too much work has to be done by the person or people who have the retirement plan responsibility.
  • They're difficult to keep in compliance: The EBSA reported in FY 2015 67.3% of company's 401ks that are audited by the Department of Labor fail the audit, resulting in average fines of $285,000. This has culminated in a cost of $5.6B over the last 4 years.
  • They can carry huge liability exposure. Most people don’t even understand the risk they are accepting when offering a retirement plan – but anyone who understands the risk doesn’t want it!
  • They can be expensive for the companies offering them.
  • There are a lot of providers – how do you know you are getting the best?

These are all valid concerns—but the fact is this:

A 401k may be the biggest hiring and retention feature a company can employ.

So how do you overcome all these concerns and take advantage of all the hiring and retention benefits?

Pick the Academy Benefits Retirement Services 401(k) Solution, powered by TAG Resources!

Ease of Administration

401ks take a lot of up-keep.

As a result, they take a lot of employee hours, which more often than not costs you as an employer more money. With Academy Benefits Retirement Services and TAG Resources at the helm of your retirement plan, you can stay on top of your business, knowing that the day-to-day responsibilities of your plan are being looked after.

Without TAG

  • 3(38) Investment Manager Appointment
  • 402(g) Limit Reporting
  • 404(a)(5) Notice Distribution
  • 404(c) Notice Distribution
  • 408(b)(2) Notice Distribution
  • Annual Discrimination & Coverage Testing
  • Audit Completion Support
  • Audit Firm Hiring & Monitoring
  • Auto Enrollment Notice Distribution
  • Beneficiary Designation Form Maintenance
  • Beneficiary Determinations
  • Blackout Notice Distribution
  • Census Review
  • Corrective Distributions
  • Death Benefit Approval
  • Distribution Reporting
  • DOL and IRS Issue Resolution Assistance
  • Eligibility Calculations
  • Eligibility Notifications
  • Employer Contribution Monitoring
  • ERISA Bond Review
  • Error Correction Monitoring
  • Fiduciary Insurance Coverage Review
  • Force Out Processing
  • Form 5330 Preparation, Signing, & Filing
  • Form 5500 Preparation, Signing, & Filing
  • Form 8955 Preparation, Signing, & Filing
  • Fund Change Notice Distribution
  • Hardship Withdrawal Approval
  • Loan Approval & Reporting
  • Loan Default Monitoring
  • Loan Policy Administration
  • Lost Earnings Calculations
  • Participant Enrollment Assistance
  • Payroll Aggregation
  • Payroll File Aggregation
  • Plan Design Review
  • Plan Document Interpretation
  • Plan Document Preparation & Archiving
  • Plan Irregularity Notification
  • QDIA Notice Distribution
  • QDRO Determinations & Reporting
  • Quarterly Investment Review Meetings
  • Rate Changes Monitoring & Reporting
  • Required Minimum Distributions
  • Safe Harbor Notice Distribution
  • SAR Production & Distribution
  • SMM Notice Distribution
  • SPD Production & Distribution
  • Spousal Consent Approvals
  • Termination Date Verification & Maintenance
  • Termination Withdrawal Approval
  • Top Hat Preparation, Signing, & Filing
  • Trustee Duties
  • Vesting Verification & Tracking
  • Year End Data Collection & Review

With TAG

  • Upload Payroll Files to TAG
  • Monitor TAG
  • Provide Year-End Data for Testing

Consistent Compliance

Every 401k has to take governmental compliance seriously.

TAG administered plans are consistently compliant, so IRS and DOL audits are a breeze. No TAG administered program has ever failed a DOL audit.

Average Retirement Plan Audit Duration

Without TAG: 42 Days in your office

With TAG: 10 Days in our office

Fiduciary Liability Protection

The responsibility of a 401k should never be undersold.

This is not a scare tactic, it's a fact! 67.2% of company's 401ks that are audited by the Department of Labor fail the audit. Since the DOL's concern for retirement plans, above all else, is that the plan is being run for the benefit of the employees, any failings in plan administration can end up being an extremely costly problem.

Most 401ks place the Fiduciary Responsibility, and by extension, risk, solely on the Plan Sponsor — meaning YOU!

Many providers in the retirement plan market say they offer "Fiduciary Liability Protection" in their marketing material, but in a court of law they flatly refuse any liability. TAG, in the course of plan administration, is listed as the Named Fiduciary on your plan - meaning that with the TAG Program, you are protected to the highest degree in the industry.

Your Responsibilities

Without TAG

  • Plan Administration
  • Named Fiduciary
  • Risk Management
  • Record Keeping
  • Investment Management
  • Auditing
Your Responsibilities

With TAG

- Monitor TAG

Cost Containment

Lower Plan Cost

TAG’s Plans are built on an “aggregated” model. This model combines multiple employer's 401ks together under a single "End to End" retirement program. Every employer in the plan benefits from this aggregation in the form of enhanced services and lowered costs. Employers receive services that most providers don't offer - and because the services are being offered to many at once, TAG's plan costs are the same or lower than those providers.

Liability Protection

Due to our industry-leading 3(16) fiduciary liability protection, your risk of loss of personal wealth resulting from fiduciary liability action is greatly reduced.

Lower Staff Costs

Because TAG fulfills 99% of plan administration duties, you don't need to have the cost of an employee or department focused on retirement plan administration. Your employees can stay focused on moving your business forward.

No Fines or Penalties

Because we keep your plan consistently compliant, you will not be subject to fines and penalties resulting from IRS and DOL audits.

Substantial Resources

Academy Benefits is a Trusted Partner in the entertainment industry and shares a unique relationship with the Producers Guild of America, Television Academy and the Visual Effects Society. We look forward to providing services on your behalf with increased participation, hosted enrollment meetings, investment education for participants and plan reviews on a regular basis.

Offering a 401(k) and selecting providers to run the 401(k) are fiduciary decisions. Academy Benefits Retirement Services plays a key role in driving the due diligence and documentation of that process. Academy Benefits endorses the TAG Program based on their experience and proven process related to the complexity and liability of running a 401(k) plan. We in conjunction with TAG look to reduce the administrative duties and your personal exposure and liability as a fiduciary to the greatest degree allowed by law and industry, and do so at a cost that is competitive.

Michael Manning
President, Retirement Services
ACADEMY BENEFITS
23945 Calabasas Road, Suite 108
Calabasas, CA 91302
Office 818.626.3290 | Cell 818.749.0775
michael@academybenefits.tv

TAG Resources ensures your plan reaps long-term rewards with easier day-to-day operations. As the largest end-to-end retirement plan provider in the US, TAG is recognized nationally for pioneering unique Retirement Programs. The Multiple Employer Program™ is our newest innovation, bundling retirement plans together in a service model previously only available for very large companies.

The bottom line is that for every plan, TAG acts as your Retirement Plan Department so you don't have to be an expert. We're the buffer between you and the Department of Labor/IRS to keep you compliant, we provide fiduciary liability protection, and our program is priced competitively with plans that do not provide these valuable services.

The results are easy to see: every plan gets A-List Oversight. There is no company more capable of crafting retirement plans that meet the needs of today's businesses than TAG.

Transamerica is an industry leader that, along with affiliates, has more than 75 years of experience providing innovative, best-in-class retirement plan services and solutions. With more than $245 billion in assets serviced as of December 2016, Transamerica is ranked as one of the top providers of retirement plans.Transamerica provides innovative retirement plan services and solutions, with an Investment Lineup selected by professional Investment Managers.

Mesirow Financial is an independent, employee owned firm founded in 1937 with 600 employees working from 18 locations around the globe. We focus exclusively on clients. As a privately held company with $326 million in capital*, our clients receive independent, objective advice that’s tailored to their specific needs. As a pioneer in outsourced, third party fiduciary services, Mesirow Financial has been supporting plan sponsors since 2006. The firm has over 32.7 billion in assets under management* and $30.8 billion in assets under advisement*.

*as of 6/30/2018

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