Glen Allen, Va-based TAG Advisors launches one of the first Pooled Employer Plans in the Independent Broker-Dealer space

Monday, March 08, 2021

Voya Financial to serve as recordkeeper for the TAG(k) Pooled Employer Plan

GLEN ALLEN, Va.--(BUSINESS WIRE)-- TAG Advisors, one of the largest and fastest growing branches within Cambridge Investment Research, Inc., announced today the launch of its new Pooled Employer Plan (PEP) with Voya Financial, Inc. (NYSE: VOYA), serving as the PEP’s recordkeeper. Effective Feb. 1, 2021, the TAG(k) PEP is one of the first of its kind to the market in the independent broker-dealer space. The PEP is available to all independent financial professionals affiliated with TAG Advisors, along with the clients of those financial professionals who are seeking a significant offload of fiduciary liability and the benefits associated with aggregating plan assets for significant pricing advantage.

“We are pleased to be one of the first firms of our type in the country to offer a custom-branded Pooled Employer Plan to our clients,” said Greg Raines, CEO of TAG Advisors. “In an ever-changing world of regulation and increasing complexity, our Pooled Employer Plan will bring simplicity, efficiency and improved pricing to our advisors, their businesses and their clients.”

PEPs first came to market through the passing of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, a bill enacted in December 2019 to help address the nation’s retirement crisis by expanding access to workplace retirement plans for millions of full- and part-time workers, particularly small business employees. Under the SECURE Act, pooled plan providers began operating in January 2021, allowing employers to join together for a common goal of creating more-efficient 401(k) plans.

TAG Advisors has selected Voya, one of the leading retirement plan providers in the U.S., to serve as the PEP’s recordkeeper. For more than 40 years, Voya has helped Americans plan, invest and protect their savings to get ready to retire better by serving the financial needs of approximately 13.8 million individual and institutional customers in the U.S.

“We are thrilled to be working together with TAG Advisors to help launch their new pooled employer plan by supporting their 401(k) retirement plan services,” said Bill Harmon, president, Retirement Corporate Markets for Voya Financial. “As a leading provider across several markets, Voya has the breadth, scale and resources to meet the needs of employers of all sizes. In collaboration with TAG, we look forward to bringing forward holistic financial wellness solutions to help all of the plan’s participants reach a secure financial future.”

The TAG(k) PEP will also utilize Plan Compliance Services, Inc., an affiliate of The Platinum 401k, Inc., as the pooled plan provider for the program.

“We’re delighted to be involved as the pooled plan provider and third-party administrator for the TAG(k) PEP,” added Terry Power, president of The Platinum 401k. “The TAG(k) Pooled Employer Plan is an innovative and significant achievement in the rapid evolution of pooled employer plans. TAG Advisors clearly sees the benefit of having a ‘private label’ PEP to market through their distribution network that will most likely be focused on the key target market for these types of programs — 401(k) plans with assets of $2,000,000 to $50,000,000 which may be subject to an annual plan audit as part of their Form 5500 submission.”

About TAG Advisors

TAG Advisors is one of the largest and fastest growing branches within Cambridge Investment Research, Inc. With more than 300 Advisors in 29 States, TAG is focused on supporting entrepreneurial Advisors who value independence and want to thrive.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

About The Platinum 401k, Inc.

The Platinum 401k, Inc., is America’s leading Pooled Employer Plan resource for associations, advisors, and recordkeepers seeking retirement plan solutions for their members or clients. They have over thirty years of experience in working with multiple employer plan clients across America. They are registered with the U.S. Department of Labor as a pooled plan provider and have been providing independent 3(16) Plan Administrator services to multiple employer plans since 2010.


Chuck Hammond
TAG Advisors
P: (717) 256-1679

Laura Maulucci
Voya Financial
Office: (860) 580-1278
Cell: (508) 353-6913


Source: Voya Financial, Inc.