Retirement plans for healthcare organizations
Caring for those who care for others
As the heartbeat of a strong community, healthcare organizations want to help their employees prepare for a secure retirement. From defined benefit/pension plans (DB) to defined contribution plans (DC) — including 401(k), 403(b), and 457(b) — to nonqualified deferred compensation (NQDC) plans, Transamerica is proud to offer retirement plans for hospital and other healthcare employees pursuing their selfless mission of helping others.
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Why healthcare organizations choose Transamerica
A 24/7 workforce needs a recordkeeping partner that can accommodate employees on any schedule. Every employee deserves to access their retirement accounts when and where it’s convenient for them. Transamerica inspires brighter financial futures through retirement plans for doctors, staff, and administrators because we:
- Offer customized solutions and benefits that meet the diverse needs of employees
- Support the unique requirements of multiple payrolls and locations
- Understand the complexities of mergers, acquisitions, and legacy plans
Plan administration made simple
By simplifying plan administration, Transamerica eases the demands on your HR and benefits staff. From plan design and communications to investment selection and administrative tasks, we care for each plan the way our healthcare clients care for their patients.
Personalizing participant education
Personalized plan communications reach employees at the right time and in the right way. Regular learning opportunities include workshops, seminars, webinars, and more.
Insightful, integrated participant reporting
Our Total Retirement Outsourcing® (TRO) platform gives participants everything they need to model potential DB plan benefits, manage 401(k) and other DC plan accounts, and measure progress toward their retirement income goals.
Merger and acquisition expertise
Clients can lean on our seasoned technical consultants and ERISA attorneys to help them make informed decisions about managing, maintaining, or merging retirement plans after a merger or acquisition.
Trends in healthcare retirement plans
We focus on healthcare, which means we track the trends impacting these complex organizations so we can offer timely, smart solutions for our clients. Read our latest report.
Case study: Resolving retirement plan complexities
A merger resulted in a healthcare system with multiple pension and retirement plans and employees who weren’t engaged in their retirement preparations. Working with Transamerica, the organization improved employee retirement readiness, reduced administrative challenges, and updated their plan design. Pleased with their results, the employer moved their defined benefit plan to Transamerica, allowing employees to benefit from our TRO program.