Defined benefit plans
Flexible defined benefit solutions
Employers’ views on defined benefit (DB) plans are evolving. Some are deciding whether to keep, change, or eliminate their DB retirement plans, while others are considering offering this retirement benefit for the first time to help attract and retain talent. Whatever the situation, Transamerica is here to support employers’ DB plan strategy and help employees have the freedom to live the life they want in retirement.
For organizations with an active DB plan
We can help reduce plan sponsors’ burden, including predictable budgeting and hedging strategies, while increasing the plan’s value for participants.
For those who wish to eliminate their DB plan
Options include supplementing or replacing the DB plan with a defined contribution (DC) plan or transferring risk to an insurer or participants.
For those considering a cash balance (CB) plan
Combining features of DB and DC plans, a CB plan lets employees build additional retirement savings while helping employers attract and retain talent.
A comprehensive approach to defined benefit plans
Transamerica helps DB plans run smoothly by combining asset management, risk management, recordkeeping platform, and actuarial services into one cohesive, complete solution.
Proven recordkeeping services
Take advantage of our suite of services, including benefit estimates, plan design analysis, and compliance and administrative support.
Actuarial and consulting services
Rely on us for actuarial work, including enhanced services such as funding valuations, day-to-day consulting, and asset liability analysis.
Investments solutions
Transamerica offers a range of proprietary investments, but you're not required to use them. This enables you to construct a portfolio focused on each plan sponsor's unique needs, circumstances, and comfort with investment risk.
Transamerica by the numbers*
268K+
80+
$25
Multiple retirement plans, one provider
Organizations with more than one employer sponsored retirement plan can take heart knowing we can help simplify the complex and bring it all together, reducing time-consuming administrative duties and potentially lowering costs.
Total Retirement Outsourcing®
Transamerica offers a more efficient way to manage multiple plans with benefits for both sponsors and employees.
Defined contribution
Whether it’s a 401(k), 403(b), or another type of DC plan, Transamerica can handle everything from administration to payroll integration.
NQDC
Nonqualified deferred compensation plans can be a great recruiting and retention tool, while helping highly compensated employees better prepare for retirement.
Important information
Transamerica Retirement Solutions, LLC (Transamerica) is a leading provider of customized retirement plan solutions for mega-, large-, and mid-market organizations. Transamerica Retirement Solutions works with financial advisors, consultants, and third party administrators to cover the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; profit sharing; money purchase; cash balance; Taft-Hartley; multiple employer plans and pooled plan arrangements; nonqualified deferred compensation; and rollover and Roth IRAs. For more information, visit transamerica.com.
This required notice complies with regulations published by the Department of Labor, which may be found in Section 2530.203-3 of the Code of Federal Regulations.
Before adopting any plan sponsors 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 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.