TAG Resources, LLC

04/05/2022

To be as one is a great thing. President Troy Tisue talks about partnership and the exciting future ahead.

04/03/2022

Brand design is at the heart of every business. Without it, the business fails. It is the key. Check out the new TAG Brand animation and sound design. The animation expresses the pooled design elements of TAG's fantastic service. The sound design has a unique - quick, memorable feel that comforts. All of this is purposeful.

04/01/2022

We want “you” TAG Employees to jump on board and follow us on social media. TAG is growing. Let’s all stay connected. Ron Burgandy supports this classy and very important effort.

04/01/2022

Marketing Director had awesome day talking with Misty Brown (communications) and other TAG employees about some of the exciting new marketing initiatives TAG is going to be creating. Volume ⬆️

03/30/2022

We love our boots! Check out our quick
YEE-HAW shoutout video!

03/29/2022

A little behind-the-scenes clip of our Tecovas boot day shoot at TAG. The wear your boots day shoot is in the edit suite right now! Coming soon.

03/02/2022

Retirement party! TAG Resources.

08/07/2020

A recent Voya survey found that Americans ranked employers as the third most trusted source of COVID-19 related information (56%), just behind scientists and local health officials. Trust in employers is not new and is a key reason why workplace retirement plans have been so successful in helping people save for retirement. Employers & plan sponsors act as fiduciaries in providing retirement plans and investment choices that are in the best interest of their employees, and provide education to help their employees save wisely. According to the Transamerica Center for Retirement Studies® 20th Annual Survey of Workers (May 2020), workers who are offered a 401(k) or similar retirement plan by their employer are more likely to save and invest for retirement in the plan and/or outside of work (88%) compared with those who do not have access to such plans (51%). Employers are again stepping up to the plate by increasingly providing financial wellness programs that help employees manage their short-term finances in addition to saving for retirement. The result – employees who are less stressed, more productive & more prepared to weather financial shocks as job loss & the pandemic, while largely staying on track in their retirement savings. .

06/03/2020

The Department of Labor (DOL) proposal entitled “Improving Investment Advice for Workers & Retirees Exemption” was sent to the Office of Management and Budget (“OMB”) today. While we won’t know the contents of the proposed rule until its release by OMB, it will likely clarify the definition of an ERISA investment advice fiduciary and related prohibited transaction exemptive relief following the 5th Circuit Court of Appeals order in 2018 to vacate the 2016 DOL Fiduciary Rule. Since that time, the retirement industry has been operating under the DOL Field Assistance Bulletin (FAB) 2018-02 temporary enforcement policy. It should be noted that the proposed rule is listed as not economically significant. TAG Resources looks forward to seeing the DOL proposed rule and hopes it will confirm the existing understanding of the fiduciary standards and exemptive relief on which the industry is currently operating.
https://www.planadviser.com/first-hints-potential-new-dol-fiduciary-rule-emerge/?utm_source

06/03/2020

The economic fallout of the pandemic has dimmed the solvency of the Social Security Trust Fund even further and placed a greater burden on individuals to save for their own retirement. The Social Security Trustees 2020 report released on April 22 projected that the Social Security Trust Fund will be depleted in 2035, without taking into account effects of the pandemic. The Penn Wharton Budget Model (“PWBM”) team ran the results of the 2020 report through the PWBM and included projections of lower payroll taxes resulting from unemployment and other factors related to the current economy. The PWBM, which started with a lower baseline that the Social Security Trustees report, found that the pandemic advances the Social Security Trust Fund depletion date by four years, from 2036 to 2032, under a “U-shape” recession; however, if recovery is faster, under a “V-shaped” recession, the Social Security Trust Fund’s depletion date falls by only two years to 2034 .

PWBM projects that the ongoing coronavirus pandemic reduces the OASDI trust fund depletion date by four years, from 2036 to 2032, under the “U-shaped” recession projected by PWBM. If the recovery is faster (“V-shaped”), the trust depletion date falls by two years, from 2036 to 2034. The conv...

05/28/2020

https://www.tagresources.com/2020/05/dol-electronic-disclosure-safe-harbor/

  May 27, 2020. The Department of Labor (DOL) and the Employee Benefits Security Administration (EBSA) published its long awaited Electronic Disclosure Final Rule (the “Rule”).

05/12/2020

Yesterday, the IRS released additional guidance on
the CARES Act coronavirus relief distributions (“CRDs”) and loans for retirement plans and IRAs. The IRS confirmed that CRDs and expanded loan provisions are optional, and the plan sponsor has the sole discretion whether to implement these provisions. However, regardless of whether the plan sponsor elects to implement these provisions, plan participants who take a distribution in 2020 may still take advantage of the favorable tax treatment (exemption from the 10% early withdrawal penalty and spread of the taxation over a three-year period).
https://www.tagresources.com/2020/05/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers/