The CDA has partnered with leading retirement industry providers to offer the CDA Retirement Solution.
The CDA Retirement Solution is a solution for businesses that allows you to offer a retirement plan to your employees, while aiming to reduce your administrative burden, transferring fiduciary risks, and potentially reducing costs. Sponsoring and maintaining a retirement plan can be challenging. The CDA Retirement Solution brings together a team of professionals on your behalf so you can focus on running your business, not your retirement plan.
Whether you currently have a plan or are considering starting a new plan, the CDA Retirement Solution might be the right solution for you. Here’s a list of key benefits of the CDA Retirement Solution.
Securities offered through LPL Financial.
TAG Resource is the Plan Administrator and Named Fiduciary, as defined under ERISA sections 402(a), 3(16) and 3(21). As such, TAG Resources is responsible for the day-to-day operation of your plan. The QDRO determinations, authorization of benefit payments, ensuring proper spousal consent on payments are obtained, service of legal process for any potential lawsuits related to the Plan, plan operations, participant claims and appeals, distributions, beneficiary determinations, and timely completion and filing of annual information returns, and timely completion and filing of annual information returns on Form 5500, including any related extensions to the plan.
Transamerica Retirement Solutions provides record keeping for you plan. In addition to being recordkeeper for the handling of the benefit payments and enrollments, Transamerica also provides support up to and through the plan participant’s transition to retirement.
Mesirow Financial is operates as the Investment Manager 3(38) fiduciary. As the named 3(38) Fiduciary in the plan document, Mesirow Financial, is responsible for the selection and monitoring of the funds in the investment menu in accordance with the Investment Policy Statement for the plan.
Darren W. Royal, with Royal Wealth Management is the financial advisor. As the financial advisor to the plan, Darren W. Royal offers services that will help increase participation, help with enrollment meetings, provide investment guidance and education for plan participants, provide reviews on a regular basis, and suggest potential plan-design enhancements.
TAG Resources, Transamerica Retirement Solutions, Mesirow Financial, and Royal Wealth Management are all separate entities from LPL Financial.
This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that by using the information provided plan sponsor will be in compliance with ERISA regulations.