Together, Sunwest Pensions and TAG Resources LLC will
provide plan document services, compliance testing, participant distribution,
loan processing and Form 5500 preparation. In addition, Sunwest will offer
payroll remittance services supporting plan sponsors.
TAG will assume liability in running the day-to-day
administration of clients’ retirement plans under the service arrangement,
according to a joint statement from the companies. In its fiduciary capacity,
TAG will review plan fees and expenses, monitor plan providers, maintain
discretionary authority and control of daily management, and perform the role
of trustee in signing Form 5500 as a plan administrator.
The firm will also be accountable for interpretation of plan
documents and timely reporting to both plan participants and government
Sunwest Pensions is a Phoenix-based third-party
administrative firm specializing in consulting and administration of retirement
plans. TAG Resources LLC is a retirement service company based in Knoxville,
Tennessee. More information on the services is available on the firms'