TAG Resources, Mesirow Financial announce partnership to provide fiduciary services for 401(k) retirement plans

TAG Resources, Mesirow Financial announce partnership to provide fiduciary services for 401(k) retirement plans

TAG Resources, Mesirow Financial announce partnership to provide fiduciary services for 401(k) retirement plans

CHICAGO, October 16, 2018 –  TAG Resources and Mesirow Financial announced today that Mesirow Financial has been appointed by TAG Resources to act as the 3(38) Investment Manager on the TAG 401(k) Aggregated Solution. This partnership offers employers of all sizes with “end to end” retirement plan fiduciary oversight. TAG Resources serves as the Plan Administrator and Named Fiduciary, as defined under ERISA sections 402(a), 3(16), and 3(21), with Mesirow Financial serving as the 3(38) Investment Manager.

“Mesirow’s capabilities are a key component to our “end to end” retirement solution”, said Troy Tisue, President of TAG Resources. “Their fiduciary services are integral to TAG’s mission of offering a retirement plan with reduced fiduciary risk for employers.”

“We’re excited to expand our partnership with TAG Resources,” said Senior Managing Director, Michael Annin. “This is right in our wheelhouse; we were a pioneer in this business, and have been providing 3(38) services for a decade. As the 3(38) Investment Manager for the 401(k) Aggregated Solution, we are responsible for the investment selection, monitoring, and ongoing due diligence of the funds in the investment menu in accordance with the Investment Policy Statement for the plan.”

The 401(k) Aggregated Solution was created to offer comprehensive outsourced retirement plan administration. Because the program is built on an “aggregated” model, smaller companies gain the advantages of an institutional service model which would otherwise not be available to them. Benefits include ease to the administrator, minimal fiduciary liability, partnerships with well-known providers, regulated compliance, and competitive cost.

About Mesirow Financial

Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. Advisory services offered through Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. To learn more, please visit mesirowfinancial.com.

About TAG Resources, LLC

Since inception in the mid 1990’s, TAG Resources, LLC, headquartered in Knoxville, Tennessee, has created forward thinking and technology driven retirement plan solutions for 401(k) plan sponsors and their employees. TAG has a culture of innovation that is unique in the retirement industry. TAG was a pioneer in the area of Multiple Employer Plans (MEP’s), including creating and trademarking The Open MEP® and developing other fiduciary liability protection structures that have made working with retirement plans easier and safer than ever before. TAG’s success at providing products that are easy to administer, mitigate risk and control costs have made them one of the largest fiduciary outsourcing firms in the United States today.

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Nancy Gonzales

Allison Pease

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