TAG Retirement Program 401(k) Aggregated Solution

TAG Retirement Program 401(k) Aggregated Solution
Thank you for the opportunity to speak with you about the industry’s innovative “end to end” retirement solution. Today I’m going to walk through how to frame the Retirement Plan Exchange and how to present it to plan sponsors in a meaningful way. In order to sell the Retirement Plan Exchange, advisors will need to go through TRS. This solution is applicable to any size employer but is especially effective in assisting those employers who have retirement plan assets of under $10M. Before we begin to learn about the solution, however, I would like to ask 5 questions to allow you to understand the things we asked ourselves as we built the program. These are rhetorical questions so you don’t really have to answer but if you answer yes to any of these questions this program may not be right for you. 114813 02/19 For Broker Dealer Use Only– Not for Use With the Public.

Do you enjoy working harder than you should or making your employees work harder than they should?
Read Slide For Broker Dealer Use Only– Not for Use With the Public.

Do you want your employees to have responsibility for something where you/they have little or no expertise? Read Slide For Broker Dealer Use Only– Not for Use With the Public.

Do you want unnecessary liability?

Do you want to be out of compliance with Government Regulations?

Do you want to pay more than you should for services?

TAG Retirement Plan Solution
Similar to payroll/HR outsourcing Tasks that are time consuming Require specialized knowledge Regulated Costly But key to the operation And has to be done correctly The TAG Retirement Plan Solution is essentially Retirement Plan Outsourcing. This is similar to Payroll or HR outsourcing and it means taking tasks that are time consuming, require specialized or expert knowledge to do right, are regulated by government or state agencies and are costly. But they are key to the operation of the company so have to be done right. TAG Resources essentially becomes the retirement department for clients, giving those clients the benefits that normally are only available to much larger companies For Broker Dealer Use Only– Not for Use With the Public.

Easier Safer Compliance Focused Cost Effective
The key benefits of the TAG outsourced retirement plan model are consistent with what most plan sponsors want in a retirement plan. Plan sponsors generally want a plan that is easier, safer, compliance focused and more cost effective than the typical retirement plan. As I am sure you can see, these four benefits have a direct correlation to the questions I asked at the beginning of my presentation. Lets look at each of these benefits for more details. For Broker Dealer Use Only– Not for Use With the Public.

EASIER TAG Resources performs virtually all administrative work on the retirement plan TAG Resources essentially becomes your company’s retirement department Your people are free to do other work that is more important to the company You do not need to have the knowledge to pick investment funds or have a committee with the knowledge to pick investments The TAG Retirement Solution is easier because TAG Resources performs virtually all administrative work involved in running the plan, essentially becoming your retirement department. This frees up your people to do work that is more important to your company. And TAG performs this work with people trained in retirement. You don’t even have to become knowledgeable about investment funds or require a committee of your employees learn about investment funds. This program has a professional investment management company not only picking the funds but also taking the fiduciary liability for picking those funds. For Broker Dealer Use Only– Not for Use With the Public.

Holding for comparison slide
Offloading the day-to-day TAG Solution - Administrative Holding for comparison slide Plan sponsor responsibilities without TAG WITH TAG EDIT IN GOOGLE SLIDES Click on the button under the presentation preview that says "Use as Google Slides Theme". You will get a copy of this document on your Google Drive and will be able to edit, add or delete slides. You have to be signed in to your Google account. EDIT IN POWERPOINT® Click on the button under the presentation preview that says "Download as PowerPoint template". You will get a .pptx file that you can edit in PowerPoint. Remember to download and install the fonts used in this presentation (you’ll find the links to the font files needed in the Presentation design slide) 3(38) Investment Manager Appointment 402(g) Limit Reporting 404(a)(a5) 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 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 Trustee Duties Vesting Verification & Tracking Year End Data Collection & Review Upload payroll files Monitor TAG Provide year-end data TAG performs 99% of administrative tasks by becoming your retirement department More info on how to use this template at This template is free to use under Creative Commons Attribution license. You can keep the Credits slide or mention SlidesCarnival and other resources used in a slide footer. From an administrative perspective, as a plan sponsor, you are required to perform the tasks illustrated here on the left – if you do not have this outsourced solution. These tasks include fiduciary and non-fiduciary functions. If you have a TPA, they may be performing some of the non-fiduciary functions but none of the fiduciary functions. For Broker Dealer Use Only– Not for Use With the Public.

For Broker Dealer Use Only– Not for Use With the Public.
SAFER Outsource fiduciary liability from the retirement plan to the fullest extent allowed by law TAG Resources accepts administrative fiduciary liability Mesirow Financial (hired by TAG) accepts investment fiduciary liability In 18 years of operation, TAG has never had a participant lawsuit on an administered plan. While the plan benefits from using these professional resources by creating shared liability, it does not absolve or remove responsibility from the plan sponsor. For Broker Dealer Use Only– Not for Use With the Public. TAG, as outsource provider, takes on virtually all the fiduciary liability on the plan. TAG accepts the administrative fiduciary responsibility by being a named fiduciary on the plan and by being the plan administrator while Mesirow Financial accepts the investment fiduciary liability by picking the fund menu and defending the menu against any claims.

COMPLIANCE FOCUSED ERISA experienced staff
ERISA Lawyers on staff and on retainer In 18 years of operation TAG has never failed a DOL random audit 3 of 4 of plans audited result in failure TAG retirement plans are administered by an experienced ERISA staff with the support of ERISA trained lawyers, As a result, in 18 years of operation, TAG have never failed a random DOL audit when in the rest of the industry 3 of every 4 plans audited by the DOL fail the audit. For Broker Dealer Use Only– Not for Use With the Public.

COST EFFECTIVE TAG Retirement Plan is based on pooled concept
Pooling clients together for negotiation leverage with Recordkeepers and investment fiduciaries Negotiating with Billions vs Millions Outsourcing frees your resources for mission critical activities - further lowering costs Low cost Audits through pooling TAG’s Retirement program is based on a “pooled” concept, meaning that they have hundreds of clients that are “pooled” together to provide TAG with leverage in negotiating pricing with other providers such as Transamerica and Mesirow Financial. This allows TAG to have some of the lowest fees in the industry – even with the increased services they offer. Additionally, outsourcing retirement to TAG frees your resources for performing tasks that may be more important to the success of your business – which may reduce staffing costs. Additionally, if your plan currently or in the future requires an annual audit our audit pricing is very low due, again, to pooling and our audit firm does over 200 audits per year. For Broker Dealer Use Only– Not for Use With the Public.

TAG Retirement Plan Solution
OUTSOURCING Easier Safer Compliance Focused Cost Effective So, in summary, the TAG solution allows our clients to have what many feel is the easiest, safest, compliance focused and cost effective retirement plans available today. For Broker Dealer Use Only– Not for Use With the Public.

NEXT STEP Allow us to do a no cost or obligation comparison with your current plan We will show you the comparison of services where risk exists We will show you how the program would work for you We would love to show you how this program would work for you. If you will allow us to do a simple analysis for you we will show you how this program compares to your existing plan related to services and plan cost as well as the risks that it alleviates. There is no obligation to you. Can we do this analysis for you? For Broker Dealer Use Only– Not for Use With the Public.

TAG is not affiliated with TRS or any other Transamerica company.
DISCLOSURES TAG Resources, LLC (“TAG”) is a U.S. retirement services company based in Knoxville, TN. Transamerica Retirement Solutions (TRS) provides administrative services to some plans offered by TAG. TAG is not affiliated with TRS or any other Transamerica company. Securities offered by Transamerica Investors Securities Corporation (TISC), Member FINRA, 440 Mamaroneck Avenue, Harrison, NY For Broker Dealer Use Only– Not for Use With the Public.

for broker dealer use only. not for distribution to the public.
EMPLOYEE EDUCATION THE TAG RETIREMENT PLAN EXCHANGE The Retirement Plan Exchange is the brand name of the program that TAG and TRS offers as 401k solutions to small business owners. Throughout this presentation we will show you what a pitch to a plan sponsor looks and hopefully give you a few solid reasons to consider incorporating the RETIREMENT PLAN EXCHANGE into your book of business. The Retirement Plan Exchange has an easy, seamless, and efficient enrollment and education process. The education process for plan sponsors includes custom webinars and custom presentation recordings you can deliver or access at any time, in addition face-to-face employee education services. Our webinars can be topic specific and can be delivered in customized 5-15 minute modules or as a consolidated enrollment/education seminar. 113425 for broker dealer use only. not for distribution to the public. 01/19

Transamerica Believes Deeply in Participant Engagement
Transamerica believes deeply in participant engagement, and thus we provide resources to connect plan sponsors with their employees through every possible medium. One of those ways is through onsite employee workshops. Though we firmly believe the most effective way to drive participation is through our robust automatic and default mechanisms, we also offer workshops for employers who satisfy minimum attendee requirements (as determined in the plan proposal). for broker dealer use only. not for distribution to the public.

Easy enrollment Participants informed every step of the way When plan goes live, enrollment just a few clicks away Join the plan when they want, how they want Easy enrollment is designed to be just like it sounds: easy. We’ll keep eligible employees informed about the move and the steps they can take to enroll. Once the plan goes live, enrollment is just a few clicks away when they want, how they want. Participants can even chat live with Transamerica representatives so preparing for the future is more convenient than ever. for broker dealer use only. not for distribution to the public.

Brighten your outlook ®
A snapshot of progress toward meeting future retirement goals. Partly Sunny $51k $0k $59k Current 6% Important: The projections or other information generated by the engine regarding the likelihood of various investment outcomes are hypothetical, do not reflect actual investment results, and are not guarantees of future results. Results derived from the tool may vary with each use and over time. And finally we have Your Retirement Outlook®, which reflects the probability illustrations and other information generated by the OnTrack® tool. It helps employees get a current snapshot of their financial outlook and then makes suggestions on steps they could take to improve their retirement readiness. for broker dealer use only. not for distribution to the public.

THE TRANSAMERICA APP Holistic Wealth + HealthSM experience Identify, prioritize, and pursue long-term and short-term goals Suggests simple, achievable steps toward reaching those goals The user journey on the Transamerica app starts with a few broad questions to give a high-level assessment of how someone’s wealth + health are doing at that particular moment. Based on that initial assessment, it then delivers tangible insight and guidance on what that user can consider doing next. This approach allows the app to discuss a variety of saving and investing guidance, so we can move from having a basic conversation with someone about budgeting and debt management to a holistic retirement wellness conversation. But that’s just the beginning of the experience. for broker dealer use only. not for distribution to the public.

ONTRACK ® COMMUNICATIONS PROGRAM CALENDAR
APR MAY JUN JUL AUG SEP OCT NOV DEC YEARLY CAMPAIGN WEALTH + HEALTH QUARTERLY FOCUS Q2 - Bet you didn't know Q3 - Wellness Q4 - Future You Monthly Content Wealth + Health Retirement Connection #FutureYou Presents Week in the life – Save more (Real life stories) Financial Education Sign up for self-guided educational series Maximize Your Match/Contributions Beneficiary Reminder Sign Up for E-delivery On Earth Day Happy Birthday Welcome to the Plan (New Enrollee Onboarding) Join the Plan Web or Technology Enhancements (as needed) Market Events (as needed) To provide this personal, adaptable, and relevant content, Transamerica has produced several different platforms for effective content delivery. The OnTrack Calendar delivers communications in sync with the yearly rhythm of what participants are probably thinking about, while providing motivation to save more, invest in their health, and educate themselves on matters pertaining to financial well being. The Wealth + Health Retirement Connection newsletter is a quarterly communication that delivers content from our knowledge base and community, and encourages participants to engage in their retirement planning. Week-in-the-Life money diaries are real-life stories that give participants insights into how others in their age group are addressing issues related to wealth and health. And our financial education series allows participants to sign up for as many self-guided educational series as they are interested in, with topics ranging from Financial Fitness 101 to Getting Ready to Retire. for broker dealer use only. not for distribution to the public.

Self-guided education
Wealth + HealthSM Introduction Good Credit Makes a Difference Protecting Wealth For An Aging America Field Guide to Medicare Field Guide to Social Security Presentation Get Ready to Retire Financial Fitness 101 Your Retirement Outlook® Transition Manager Data Consultant Ongoing Administration Compliance Participant Education This is a sample of the different types of self-guided education available. for broker dealer use only. not for distribution to the public.

THE PROCESS Submit “request a proposal” via: Or to obtain material and a Sales Contact sheet from the TAG’s TFA marketing site: USER TO ADJUST LINE LENGTH Read Slide (This slide is JUST FOR TFA Meeting) for broker dealer use only. not for distribution to the public.

Visit: Transamerica.com Contact: 877-398-7526
Speaker Notes: contact your Transamerica RVP or TAG Sales Representative for assistance (Sales Territory Maps at TAG/Transamerica booth) – © 2019 Transamerica retirement solutions, llc for broker dealer use only. not for distribution to the public.. 1/19

DISCLOSURES The Exchange is not a multiple employer plan (MEP). Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level. Transamerica Retirement Solutions, LLC and its representatives cannot give ERISA, tax, legal, or investment advice. This material is provided for informational purposes only based on our understanding of material provided and should not be construed as ERISA, tax, legal, or investment advice. Clients and other interested parties must consult and rely solely upon their own independent advisors regarding their particular situation and the concepts presented here. Although care has been taken in preparing this material and presenting it accurately, Transamerica Retirement Solutions, LLC disclaims any express or implied warranty as to the accuracy of any material contained herein and any liability with respect to it. Read slide for broker dealer use only. not for distribution to the public.

DISCLOSURES About Probability Illustrations, Limitations, and Key Assumptions The probability illustrations generated from the engine are based on “Monte Carlo” simulations of 500 possible investment scenarios for a given time period and assume a range of possible returns. The illustrations are generated according to models developed by Morningstar Investment Management LLC, a leading independent provider of asset allocation, manager selection, and portfolio construction. The Your Retirement Outlook® graphic reflects the difference between the model’s estimated annual income (which corresponds to a 70% probability level of income in the investment scenarios simulated) and your annual income goal. When forecasting the probability of achieving your income goal, the model employs different returns for different asset classes, based on Morningstar Investment Management’s capital market assumptions developed using historical and forward-looking data. Forecasts of expected return, expected standard deviation and correlation among asset classes based on Morningstar Investment Management LLC's proprietary equity, fixed income, currency and risk models. Current assets are assigned to asset classes based on Morningstar Categories, and fees and charges inherent in investing are incorporated with an average fee assumption for each asset class. The benchmarks used for modeling the various asset classes are below. Return assumptions are updated annually; these updates may have a material impact on your projections. Return assumptions are estimates not guarantees. The returns you experience may be materially different than projections. You cannot invest directly in an index. Drafter’s Note: Use this disclosure in all presentations with OnTrack for broker dealer use only. not for distribution to the public.

Disclosures About Probability Illustrations, Limitations, and Key Assumptions (continued) Asset Class Cash Alternatives Short Term Bonds Aggregate Bonds Foreign Bonds Direct Real Estate High Yield Bonds TIPS Long Term Bonds Large Cap Value Equity Large Cap Equity Mid Cap Value Equity Mid Cap Equity International Equity Commodities Mid / Small Cap Value Equity Large Cap Growth Equity Mid / Small Cap Equity Small Cap Value Equity Small Cap Equity Mid Cap Growth Equity Mid / Small Cap Growth Equity REITs Small Cap Growth Equity Emerging Markets Equity Benchmark BofA ML US Treasury Bill 3 Month USD BarCap US Govt/Credit 1-3 Yr TR USD Barclays Capital US Agg Bond TR Barclays Global Aggregate Ex USD TR NCREIF Transaction Based Index Barclays Capital US Corporate High Yield TR Barclays Capital Global Inflation Linked US TIPS TR Barclays Capital US Govt/Credit Long TR Russell 1000 Value TR Russell 1000 TR Russell Mid Cap Value TR Russell Mid Cap TR MSCI EAFE GR Bloomberg Commodity TR Russell 2500 Value TR Russell 1000 Growth TR Russell 2500 TR Russell 2000 Value TR Russell 2000 TR Russell Mid Cap Growth TR Russell 2500 Growth TR FTSE NAREIT Equity REITs TR Russell 2000 Growth TR MSCI EM GR Lower Risk/ Volatility Higher Risk/ Volatility Drafter’s Note: Use this disclosure in all presentations with OnTrack for broker dealer use only. not for distribution to the public.

Disclosures Unless you choose otherwise or your employer supplies different information, the probability illustrations assume retirement at the age at which you qualify for full Social Security benefits and an annual retirement income goal of 80% of your projected final working salary. Social Security estimates are based on the Social Security Administration methodology and your current salary. The probability illustrations also assume a consistent contribution percentage and asset allocation (no future changes or rebalancing unless you are subscribed to a managed account or a target date asset allocation service), annual inflation of approximately 2%, and annual salary increases based on a calculation that incorporates multiple factors including a salary growth curve and inflation. Mortality assumptions are based on the Society of Actuaries tables. The engine utilizes models, algorithms and/or calculations ("Models"), which have inherent risks. Models may incorrectly forecast future behavior or produce unexpected results resulting in losses. The success of using Models depends on numerous factors, including the validity, accuracy and completeness of the Model’s development, implementation and maintenance, the Model’s assumptions, factors, algorithms and methodologies, and the accuracy and reliability of the supplied historical or other data. If incorrect data is entered into even a well-founded Model, the resulting information will be incorrect. Investments selected with the use of Models may perform differently than expected as a result of the design of the Model, inputs into the Model, or other factors. Drafter’s Note: Use this disclosure in all presentations with OnTrack for broker dealer use only. not for distribution to the public.

DISCLOSURES The engine utilizes models, algorithms and/or calculations ("Models"), which have inherent risks. Models may incorrectly forecast future behavior or produce unexpected results resulting in losses. The success of using Models depends on numerous factors, including the validity, accuracy and completeness of the Model’s development, implementation and maintenance, the Model’s assumptions, factors, algorithms and methodologies, and the accuracy and reliability of the supplied historical or other data. If incorrect data is entered into even a well-founded Model, the resulting information will be incorrect. Investments selected with the use of Models may perform differently than expected as a result of the design of the Model, inputs into the Model, or other factors. There is no guarantee that your income goal will be achieved or that the aggregate accumulated amount will ensure a specified annual retirement income. Results may vary with each use and over time. IMPORTANT: The projections or other information generated by the engine regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Moreover, even though the tool’s estimates are statistically sound based upon the simulations it runs, the tool cannot foresee or account for every possible scenario that may negatively impact your financial situation. Thus you should monitor your account regularly and base your investment decisions on your time horizon, risk tolerance, and personal financial situation, as well as on the information in the prospectuses for investments you consider. Transamerica has licensed the Morningstar® Wealth Forecasting EngineSM from Morningstar, Inc., which is used by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc., in the services it provides to participants. Morningstar and Morningstar Investment Management are not affiliated with Transamerica. The Morningstar name and logo are registered marks of Morningstar, Inc. Securities offered by Transamerica Investors Securities Corporation (TISC), Member FINRA, 440 Mamaroneck Avenue, Harrison, NY Investment advisory services are offered through Transamerica Retirement Advisors, LLC (TRA), registered investment advisor. All Transamerica companies identified are affiliated companies. Drafter’s Note: Use this disclosure in all presentations with OnTrack

DISCLOSURES Before adopting any plan you should carefully consider all of the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace savings plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations. All Transamerica companies identified are affiliated, but are not affiliated with TAG Resources. Read slide for broker dealer use only. not for distribution to the public.

TAG Retirement Program 401(k) Aggregated Solution

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TAG Retirement Program 401(k) Aggregated Solution

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