Pooled employer plans
What are pooled plans?
Pooled plans are designed to make retirement savings more accessible to workers from all walks of life. They also offer distinct advantages for employers, including simplified administration, fewer plan management challenges, shared fiduciary risk, and potential cost savings.
Work with an industry leader
Transamerica pioneered an innovative group solution in 2001. Our experience serving businesses of all sizes, proven recordkeeping system, and dedicated service team make it easy to offer a defined contribution plan that can help attract and retain talented employees.
Not all pooled plans are the same
Pooled employer plans (PEPs)
Our recordkeeping system is built to handle the complexities of pooled employer plans for 401(k) or 403(b) plans. PEPs allow unrelated businesses to come together to form a retirement plan.
Groups of Plans (GoPs)
A GoP is a collection of single-employer plans sharing a common administrator, recordkeeper, and named fiduciary. A single Form 5500 covers all participating employers, but larger organizations in the plan (100 or more employees) may still need an independent audit.
Multiple Employer Plans (MEPs)
A MEP allows organizations with a common interest to form a retirement plan. The MEP sponsor acts as the plan sponsor, responsible for administrative and fiduciary duties.
We simplify pooled plan administration
Developed specifically for pooled plans, Transamerica’s recordkeeping system can track data at the plan level and by participating employer. It also allows for flexibility of plan provisions.
Satisfy state plan requirements
A pooled plan could be a great option for employers in states where retirement plans are required with features and benefits unavailable in state plans.
Case study: Pooled plan benefits in action
See how a MEP and their advisor made an impact for several general contractors deep in the heart of Texas.
Pooled plan benefits
Simplified administration
Reduced risk
Employer support
Potential cost savings
Learn more about how we can help
Transamerica has offered pooled plan solutions for more than 20 years – one of the many ways we support employers of all sizes in offering retirement plans to help workers prepare for a secure financial future.
Important information
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.