At Transamerica, our expertise comes from decades of providing flexible retirement plans.
Regarding this, what is TAG aggregate 401k plan?
The TAG Resources 401k Aggregated Retirement Solution is a fully bundled plan that includes 3(16) Administrative Fiduciary services, 402(a) Named Fiduciary services, 3(38) Investment Management Fiduciary Services (Two West), recordkeeping services (Transamerica) as well as full TPA services.
Besides, which are the 3 retirement plan options?
Three of the most popular options are a solo 401(k), a SIMPLE IRA and a SEP IRA, and these offer a number of benefits to participants: Higher contribution limits: Plans such as the solo 401(k) and SEP IRA give participants much higher contribution limits than a typical 401(k) plan.
How much should I have in my 401k at 40?
By 40, you should have three times your salary saved. By 50, you should have six times your salary saved. By 60, you should have eight times your salary saved. By 67, you should have 10 times your salary saved.
How much should I have saved for retirement?
Aim to save 5% to 15% of your income for retirement — or start with a percentage that’s manageable for your budget and increase by 1% each year until you reach 15%.
What is a hybrid NFP plan?
“Hybrid” is often used to refer to any retirement plan that combines some elements of a traditional defined benefit pension plan and a defined contribution plan with an individual retirement savings account to which the employee and employer contribute money.
What does Transamerica retirement Services do?
Our purpose is to help people achieve a lifetime of financial security. That’s what we’re here to do. Our solutions help people save, protect, invest, and retire — so they can live better today and worry less about tomorrow.