Section 105 Benefits Plan

[scagnt83]

Oh my.....Now that's hysterical!

I guess I was right. Your firm doesnt need anymore big clients. You guys are making enough already. Or maybe a 2000 person group isnt big for you guys. You probably just landed Verizon with their 200,000 employees and have no time for us little guys.


You are more and more of a joke around here with each post you write. If you werent trying to fool agents into selling your shady product you would actually be entertaining.

 

[Key2Success]

I guess I was right. Your firm doesnt need anymore big clients. You guys are making enough already. Or maybe a 2000 person group isnt big for you guys. You probably just landed Verizon with their 200,000 employees and have no time for us little guys.


You are more and more of a joke around here with each post you write. If you werent trying to fool agents into selling your shady product you would actually be entertaining.

And your fantasy grows....

 

[scagnt83]

And your fantasy grows....

What happened to not talking to me anymore? Too many people in the other sections of the forum must have you on their ignore list and you got bored

I think you set a new record for the amount of ignore lists you got on in such a short time. Half of the members in the 1k forum have you on ignore

WHAT A JOKE

 

[Key2Success]

What happened to not talking to me anymore? Too many people in the other sections of the forum must have you on their ignore list and you got bored

I think you set a new record for the amount of ignore lists you got on in such a short time. Half of the members in the 1k forum have you on ignore

WHAT A JOKE

You obviously still haven't realized that.....I know you.....and your MO!

 

[scagnt83]

You obviously still haven't realized that.....I know you.....and your MO!

I guarantee you that you have never met me and know nothing about the business I have built. But others on this forum do and they know exactly what I am about.

Keep peddling your shady "ERISA Program" (thats not a real term in this industry by the way)

I doubt you will get any real agents. Zane Benefits tried and finally gave up after being blasted and called out for their shady "ERISA Program". But at least theirs was actually legal at one time. Yours is even shadier than Zane's.

 

[Key2Success]

I guarantee you that you have never met me and know nothing about the business I have built. But others on this forum do and they know exactly what I am about.

Keep peddling your shady "ERISA Program" (thats not a real term in this industry by the way)

I doubt you will get any real agents. Zane Benefits tried and finally gave up after being blasted and called out for their shady "ERISA Program". But at least theirs was actually legal at one time. Yours is even shadier than Zane's.

Do you realize you've spent nearly a week here making an absolute fool of yourself? It's worth repeating.....Ignorance is bliss....and your loaded with it!

But....you have a great day!

 

[legalplans]

The Classic 105 is endorsed by the Employee Benefits Chairman of the American Bar Association. Attorney Al Holifield is also a professor of Employee Benefits at the University of TN School of Law. He has Certified Employee Benefits Specialist designation from the Wharton School of Business. Mr. Holifield also practices Employee Benefits Law on the Supreme Court level.

I see some opinions on this blog but I don't see any educational information about the qualifications of the indivudials who posted the opinions.

The company in question here, TTFG has complaints from their competitors and from former disgruntled employes and nothing from the thousands of members that they have had in place for the past 5 years.

Attorney Al Holifield took the Classic 105 plan to both the IRS and the U.S. Department of Labor and made sure there were no issues with the program.

The U.S. Department of Labor receives over 400 complaints a month from the competitors of TTFG. The Department of Labor performed a full audit of TTFG in October of 2014 and reported no concerns!

 

[scagnt83]

Classic marketer MO.... pitch a product... then brand new members appear to endorse the product.


If the DOL audited TTFG then why not make the results public?


And the "legal opinions" that are provided to agents as proof are only about 105 Plans... NOT about the "Classic 105"... which is just a made up name for this shady way of abusing Section 105 of the Tax Code. (ive seen the opinion from Ogletree and it says nothing about the set up of what TTFG is doing... it only talks about normal 105 Plans)



This shady "program" has the employee defer the majority of their paycheck into a reimbursement account.

Then the employee is paid back with a Loan to make them whole again on their take home pay.

The Loan is secured by a Group Life Policy (this is why its pitched as "high commissions".


They claim the Loans do not have to be paid back.... because the Life Policy makes it self completing.... but any life agent knows that a Group Term Policy is not going to be actuarialy sound enough to pay out for every single employee that participates.



Also, by deferring the majority of their Salary... despite the Loan.... their Social Security and Medicare benefits are greatly reduced. Of course this is pitched as "tax savings" for both the employee and employer. Which it is... but it is not properly disclosed that saving on those taxes is screwing their SS benefits.


SHADY


(and anyone who has been around this Forum longer than a couple of weeks or a day, knows where my expertise lies)

----------

I have seen the so called "proof" that TTFG fools agents with. That legal opinion you pass around so much is not specific to the "Program" that you have created. Your shady program is not a normal Sec 105 Reimbursement Plan... which is all that legal opinion from Ogletree speaks of.

 

[Key2Success]

As previously stated.....scagnt83 deals specifically in hearsay and outright lies presented not only in this forum but to potential clients. We know who he is and his actions are being monitored.

A stellar 5+ year track record with full adherence to both the IRS and federal regulations is fact. A recent agreement by a world renowned underwriter for an "initial" $1.5 billion to add 100,000 US employees....is FACT.

scagnt83 has ulterior motives for his above postings..... THIS IS ALSO A FACT!

scagnt83 has no credibility on this subject AND THIS IS ALSO A FACT.

 

[scagnt83]

As previously stated.....scagnt83 deals specifically in hearsay and outright lies presented not only in this forum but to potential clients. We know who he is and his actions are being monitored.

A stellar 5+ year track record with full adherence to both the IRS and federal regulations is fact. A recent agreement by a world renowned underwriter for an "initial" $1.5 billion to add 100,000 US employees....is FACT.

scagnt83 has ulterior motives for his above postings..... THIS IS ALSO A FACT!

LOL. You have no clue who I am. I have never had contact with TTFG before. But I have had friends who were almost fooled by you until I told them to go talk to their state DOI.

My only motive is to warn unsuspecting agents not to deal with a shady "Program" such as this. I am an agent. Nothing more and nothing less. Plenty of people on this forum know me personally... neither you or anyone at TTFG are any of those people.