Premier recordkeeping partner for multiple employer plans (MEPs).
As an industry leader and visionary in multiple employer plans, Transamerica has worked with PEOs for more than 20 years, helping their employees reach for brighter retirements. Our pioneering efforts in the pooled-plan space continue to expand access to secure retirements for all Americans. Request a proposal using the interest form below.
Dedicated Sales Team to Grow Your Plan
Building and growing a MEP is a team effort. When you work with Transamerica you’ll have access to a team dedicated to promoting and growing your plan. Our pooled solutions sales consultants work with you to build a strategy to educate prospective adopters about the benefits of joining your plan. From designing a marketing strategy to consultative sales support, our team is on your side — at no additional cost.
MEP marketing support includes:
- Designing a tailored strategy to effectively grow your plan with customized resources, campaigns, and webinars promoting the benefits of joining your plan
Our comprehensive sales support helps you:
- Identify prospective adopters and proactively manage the pipeline, research existing plans, submit requirements to plan installation, conduct consultations with prospective adopters, assist with on-boarding documents, align resources to assist with participant rollovers
Unique Recordkeeping Technology
Transamerica’s unique recordkeeping technology, developed specifically for pooled plans, has been time-tested and enhanced over the past two decades. Along with plan-level reporting for the MEP sponsor, adopting employers can run reports for their individual plans.
- Administration reports: extensive library for sponsors and adopters
- Plan reporting at the individual adopting-employer level
- Flexible provisions include vesting, eligibility, employer contributions, matching contributions, and more
- Plan administration support
- Eligibility tracking
- Online access: available for each adopting employer
Engaging Participants to Inspire Action
The Transamerica participant experience is designed to help employees understand if their savings and investment strategy is in line with their retirement goals. It features:
- Easy enrollment
- Personalized communications and digital tools, like our interactive OnTrack® tool which uses easy-to-understand weather icons to forecast the likelihood the participant’s current saving and investment strategy will produce their desired retirement income
- Educational resources and professional support that can help participants improve their retirement readiness, including
- our Financial Wellness Center
- access to retirement professionals
- webinars
- materials designed to inspire participants to fully benefit from the plan
Find out how Transamerica can make a difference for you.
Fill out the form to learn more, request a proposal, or get started today!
Disclosures:
Important: The projections or other information generated by the engine (which produces Your Retirement Outlook®) regarding the likelihood of various investment outcomes are hypothetical, do not reflect actual investment results, and are not guarantees of future results. Results derived from the tool may vary with each use and over time.
Transamerica is sponsoring financial education programs developed by EVERFI, a third party unaffiliated with Transamerica that is responsible for the content of the financial education program.
Before adopting any plan sponsors should carefully consider all of the benefits, risks, and costs associated with a plan. 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 retirement 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 fiduciary responsibility for selecting and monitoring the MEP provider. Adopting employers of a MEP must share a commonality—a connection among the adopting employers such as a trade, professional organization, or PEO—and the MEP is treated as a single plan. A violation of the qualification rules by an adopting employer would not affect the qualified status of the plan as a whole (known as the “one bad-apple” rule or the “unified plan” rule) provided the plan document addresses how to spin-off a non-compliant employer.
Securities offered through Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528.
Transamerica is not affiliated with PrismHR. Logos and trademarks are the intellectual property of their respective owners.
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