Carlsbad Chamber of Commerce Retirement Solution


The Carlsbad Chamber of Commerce has partnered with TAG and Transamerica to create a leading edge 401(K) aggregate program that be a huge benefit to your company.  There are 5 things every employer wants in a 401(K):

1. Easy to Administer

  • Carlsbad Chamber of Commerce Retirement Solution performs 99% of the administrative duties required for a company to offer a 401(k) to their employees.
  • This removes the administrative burden from company employees and executives so you can focus on what’s most important — running your business.
  • You don’t want to be 401(k) experts.

2. Minimal Fiduciary Liability

  • The TAG and Transamerica 401(k) Retirement Plan Exchange® allows a company to shift its fiduciary duties to TAG Resources, to the greatest extent permitted by law.
  • This provides your company with fiduciary support and helps mitigate your defined legal obligations and responsibilities.
  • With TAG Resources commitment, you have the confidence that your fiduciary obligations are being met.
  • You don’t want to be at risk.

3. Compliant

  • As of the 2015 Department of Labor random audit period, the DOL reports more than 67% of 401(k) plans failed their audit.*
  • However, plans administered as directed by TAG Resources, have never failed an audit.
  • TAG is your 401(k) Support Staff, signs the Form 5500, and ensures each plan is consistently in compliance with the DOL and IRS regulations.
  • If you are out of compliance, TAG is out of compliance – and that has not happened in TAG’s 15+ years of operation.
  • *U.S. Department of Labor, Employee Benefits Security Administration, 2015.
  • You don’t want fines or penalties.

4. Cost Effective

  • Carlsbad Chamber of Commerce Retirement Solution, powered by The TAG and Transamerica 401(k) Retirement Plan Exchange® Program, is built on an “aggregated” model – your company gains the advantages of economies of scale in pricing.
  • You don’t want to overpay.

5. Includes Well Know Providers

  • The TAG and Transamerica 401(k) Retirement Plan Exchange® combines 3(16), 3(38), and TPA services for “end to end” retirement plan oversight.
  • TAG teams with Transamerica as Recordkeeper, with $226billion in assets serviced as of 12/19), and withTwo West Advisors as the 3(38) Investment Manager.
  • You want to work with the best.

The bottom line is this:

  • For every plan, TAG acts as the company’s 401(k) support team, so the company doesn’t have to act as a retirement expert.
  • TAG acts as a buffer between the Plan Sponsor and the DOL and IRS, and works to keep each plan in compliance with all applicable laws.
  • TAG’s experts make the decisions and take responsibility for those decisions with respect to the services they provide, taking away one more thing that might keep Plan Sponsors awake at night.
  • TAG does all of this at a price comparable to plans that offer fewer services.
Carlsbad Chamber of Commerce RETIREMENT SOLUTION PERFORMS 99% of administrative tasks by becoming your retirement department support team!

How can I learn more or get started?

If you would like more information about Carlsbad Chamber of Commerce Retirement Solution, please contact:
John O’Reilly
O’Reilly Wealth Advisors LLC
760-504-6040
CA Life #OF41383
www.oreillywa.com

October, 2020 Presentation on this Program:

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