Envision a Different Kind

of Retirement Solution

Every Successful Company, No Matter The Size,

Should Offer A Retirement Solution.

Welcome to a dramatically lower cost pooled employer retirement solution

Beacon Financial Services has done extensive due diligence to find a retirement solution that saves members money, reduces their fiduciary risk, and outsources more than 90% of their retirement plan fiduciary duties. Introducing the Beacon Financial Services Retirement Solution powered by TAG Resources and Transamerica.

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Most Employers Have Concerns About Having A 401(k).

We Have Solutions.

Compliance Issues

In 2020, 67% of companies randomly audited by the DOL failed the audit, resulting in Billions in fines and penalties.

Tag Resources administrative process is designed to meet DOL random audit requirements on a realtime basis.

Huge Liability

Employers often do not know the liability they take on. Any employer who understands it does not want the risk. We mitigate that risk for you.

Beacon Financial Services and TAG Resources, as named fiduciaries on your plan, will mitigate liability risk for you.

Overpriced Plans

Small business owners are sometimes already financially stretched and cannot afford a high priced retirement solution that works. TAG is the answer other companies retirement providers cannot match.

Beacon Financial Services is a “pooled” retirement plan, meaning that we pool many company plans together. This gives our clients some of the lowest prices and the most extensive services in the industry.

Administration

When offering a retirement plan to your people, you're held to the highest standards under the law. If you don't have the required expertise in house, you need to hire professionals to help you stay compliant with ERISA in offering the best plan to your employees.

Administration on the plan is done by TAG Resources. TAG Resources employees are all trained on ERISA law and TAG has ERISA lawyers on staff and on retainer.

Managing your own retirement plan can be a big administrative burden.

With Beacon Financial 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.

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

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

Envision a Different Kind of Retirement Solution