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This website and all content on it is provided for informational purposes only, is subject to change, and is not intended to constitute compliance with any applicable legally required disclosures, including, but not limited to, disclosures required under ERISA section 408(b)(2).
Before adopting any plan you should carefully consider all of the benefits, risks, and costs associated with a plan. Information regarding retirement plans is general and is not intended as legal or tax advice. Retirement plans are complex, and the federal and state laws or regulations on which they are based vary for each type of plan and are subject to change. In addition, some products, investment vehicles, and services may not be available or appropriate in all workplace savings plans. Plan sponsors and plan administrators may wish to seek the advice of legal counsel or a tax professional to address their specific situations.
While a multiple employer plan (MEP) arrangement offers adopting employers the ability to delegate fiduciary functions to the MEP provider, employers should be aware that they still retain the fiduciary responsibility for selecting and monitoring the MEP provider. Because an MEP is treated as a single plan, a violation of the qualification rules by an adopting employer could affect the qualified status of the plan as a whole. In order to be treated as a single plan under the qualification rules, the adopting employers of an MEP must share a commonality — a connection among the adopting employers, such as a trade or professional organization.
All Transamerica companies identified are affiliated entities. Transamerica and its associated entities are not affiliated with SCF, Moneywise Wealth Management, Hicks Pension Services, or with the Greater Bakersfield Chamber.
*Moneywise Wealth Management is not a Registered Investment Advisory firm and does not provide investment advisory products or services. Financial Advisors at Moneywise Wealth Management are registered with and offer advisory services through SCF Investment Advisors, Inc., an SEC Registered Investment Advisor. Securities may be offered through SCF Securities, Inc. – Member FINRA/SIPC 155 E. Shaw Ave. Suite 102, Fresno, CA 93710 • (800) 955-2517 • Fax (559) 456- 6109. SCF Investment Advisors, SCF Securities, Moneywise Wealth Management, and any other entity referenced on this site are not affiliated entities. Check the background of this firm and their advisors on FINRA’s BrokerCheck site.
