You can love your 401(k).

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The Easiest,
Most Compliant
& Safest 401(k) on the market.
Full stop.

Many employers have concerns about having a retirement plan.

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 retirement plans 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 401(K) 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 Carolina Chamber Retirement Solution, powered by TAG Resources!

Ease of Administration

401(k)s 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 Carolina Chamber 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 Retirement Plan 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 retirement plan should never be undersold.

This is not a scare tactic, it's a fact! 67.2% of company's retirement plans 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 retirement plans 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 401(k) plans 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 95% of plan administration duties, you don't need to have the cost of an employee or department focused on 401(k) 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 Partners

The Chapel Hill Carrboro Chamber of Commerce is a membership organization that serves and advances the business interests of the Chapel Hill Carrboro community and builds a sustainable community where business thrives throughout the Carolinas.

Financial Advisor

Carolina Capital Solutions
5102 Durham-Chapel Hill Blvd Suite 104
Durham, NC 27707


Nancy J. Williams, RICP®
Registered Representative
919-943-5577
nancy@nancywilliamsadvisor.com


Mark S. Kelly, CFP®
Investment Adviser Representative
(919) 391-7526
mark@markkellyadvisor.com

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-leading Record Keeper with more than $245 Billion in assets serviced, possessing more than 75 years of experience. Transamerica provides innovative retirement plan services and solutions, with an Investment Lineup selected by professional Investment Managers.

ERS is a majority owned subsidiary of Envestnet, Inc. (NYSE: ENV), which has over $1.1 trillion of assets under management, administration, and licensing arrangements. Envestnet is a strategic partner to more than 55,000 advisors, and supports more than 5.8 million investor accounts under management, administration, and licensing arrangements. Combining technology, research, and experienced staff, ERS provides fiduciary solutions to more than 13,000 retirement savings plans with $30.64 billion in assets.
~September 30, 2017

Want to know more?

So there you have it.

The Best 401(k)
Ever Built.