After an exhaustive search and due diligence, Gateway Chamber has partnered with Transamerica® and TAG Resources® to offer the Gateway Chamber Retirement Solution. TAG is Transamerica's largest Retirement Exchange 401K - and the largest 'end to end' 401(k) provider in the US.
Your 401(k) Plan is perhaps your biggest hidden compliance exposure.
75% of all plans audited by the DOL last year failed the audit resulting in over $5.6B in fines and penalties over the last 4 years.
The advantages of this program are:
1.You get more for your money. Because this is a multiple employer aggregation program, our members get pricing that is greatly discounted in many ways.
2. It removes fiduciary liability. In most cases the plan sponsor (probably you) is also the fiduciary and as such you incur a lot of liability with the IRS, the US Department of Labor and even your employees. Under our program, for all practical purposes, this fiduciary liability is moved from you to TAG Resources.
3. It removes the administrative burden. As you know, doing all the paper work of a 401(k) is a real burden. TAG Resources does this for our program.
4. It keeps people's money in their accounts. Our 401(k) program stresses the use of target date funds and index funds. The expense ratio for these investments is a fraction of the actively managed funds that are usually recommended by financial advisors. This means that more money stays in your employees pocket instead of going to a fund manager.
INSIDE VIEWS – February 2017
Where have all the young men gone?
The world is changing, and changing fast. As we move into an economy that is dominated by brainpower and cooperative work, we are seeing a huge decline in the number of men who are working.
Fifty years ago, 98 percent of men between age 25 and 54, the most productive working years, were employed. Today, only 88 percent of men in that age group have jobs. This equates to about 10 million men who are sitting on their butts with no interest in getting a job.
Now admittedly, the top end of the workforce is still dominated by men. Men account for more than 90 percent of the CEOs and global political leaders. They dominate finance, technology, athletics and entertainment.
But at the bottom end of the workforce, where jobs require brawn rather than brains, there are fewer and fewer opportunities for men to get jobs. The jobs of today require brains rather than brawn and a disproportionate share of men have a lot more brawn than brains. The result is that 10 million men have stopped looking for work.
Copyright James Coyle 2016
"Identity theft has become the third certainty in life, right behind death and taxes."
– Adam Levin, Author of the book Swiped: What Identity Thieves Do and How to Stop Them, is a longtime advocate and identity fraud expert, former director of the New Jersey Division of Consumer Affairs, Chairman and Founder of IDT911, and Chairman and Co-founder of Credit.com.
Identity Management Services
Fraud & Credit Monitoring
Cyber Internet Surveillance
Clark Chamber of Commerce Meeting January
8:30 AM, Jan 25, 2017
36 Valley Road, Clark, NJ 07066, United States
Rep. Leonard Lance - Peter Jacob - Oct. 27,2016 Debate
presented by Jim Coyle of the Gateway Chamber.
105TH GATEWAY CHAMBER ANNUAL AWARDS DINNER
Venue: Newark Airport Marriott Hotel, 1 Hotel Road, Newark, NJ
Date: Feb 6, 2017, 6:00 PM (EST)
Wayne Zuhl Realtor Associate, Hallmark Realtors
I've worked with Bill Angelo Jr. and have recommended him to others as well. He's very knowledgeable, competent and confident. HIGHLY RECOMMENDED!!!!
135 Jefferson Ave. P.O. Box 300, Elizabeth, NJ - 07207-0300