The Franklin Templeton 401(K) Group Plan Solution SM
Enjoy the benefits of a pooled plan
The Franklin Templeton 401(k) Group Plan Solution℠ (FT GPS) was created in partnership with DWC, LeafHouse Financial, Transamerica, and Franklin Templeton.
What is the FT GPS?
It is a collection of single-employer defined contribution plans that, through a pooled arrangement, may share a common plan administrator, named fiduciary, and investment menu. Best of all, participating employers do not have to share a common association or industry to participate.
Benefits to business owners
When your business-owner clients join, they will have a professional service team by their side to:
- Manage most of the plan’s administrative tasks
- Mitigate their fiduciary burdens
- Potentially lower their overall plan costs through economies of scale, compared to sponsoring a plan on their own
Benefits to employees
Employees gain access to professionally selected investment options, support from financial professionals, and educational tools and resources designed to help them stay on course to reach their retirement goals.
Benefits to financial advisors
The FT GPS can help to scale your retirement plan business by adding efficiencies through this streamlined offering with easy and repeatable processes.
Wellness solutions
Participating employers of The Franklin Templeton 401(k) Group Plan Solution℠ have access to a full suite of optional workplace wellness solutions designed to help employers enhance their employees’ financial wellness. The ability to offer integrated workplace wellness solutions along with a comprehensive retirement plan could be a valuable recruitment and retention tool for employers.*
*Additional costs apply and vary based upon workplace wellness solutions selected
Learn more
Pooled-plan benefits
This brochure offers a more detailed look at how the retirement plan works, the support team, and the benefits of joining.
Advisor's role
Financial advisors are crucial in helping ensure the overall success of the retirement plan.
Pooled-plan solutions video for advisors
Discover how Transamerica can help you take advantage of opportunities in the growing pooled-plan market.
Pooled-plan solutions video for employers
Employees want retirement benefits. Explore how pooled plans can help businesses attract and retain the talent they need.
Know the options
Small business owners don’t have to accept a state-mandated retirement plan. Help them discover the advantages of a private plan.
Program pricing and investments
Discover more about economies of scale, pricing, and the FT GPS investment lineup.
Reduced effort, liability, and cost
This white paper explores the fiduciary, administrative, and potential cost benefits of pooled-plan solutions.
Contact us to learn more about the benefits of joining the FT GPS.
The GROUP PLAN SOLUTIONSM (GPS) is not a multiple employer plan (MEP). Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level. An employer participating in a GPS retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the 3(16) plan administrator, for determining the reasonableness of its fees, and for periodically reviewing the GPS as a whole. Transamerica does not act as a 3(16) plan fiduciary.
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.
All cost savings mentioned are estimates and may vary depending on TPA, advisor, or attorney fees.
LeafHouse Financial is an experienced, national discretionary investment manager and consultant for all types of retirement plans. LeafHouse acts in both a 3(21) and 3(38) fiduciary capacity for a multitude of private and public retirement plans that range from start-up to large institutions across the U.S. LeafHouse developed proprietary technology that is designed to prudently select, evaluate, and monitor investments that are solely in the best interests of plan participants and their beneficiaries. LeafHouse is a registered investment advisor. Registration does not imply a certain level of skills or training. More information about the firm, including its investment strategies and objectives, can be found in our ADV Part 2, which is available, without charge, upon request. Our Form ADV contains information regarding LeafHouse’s business practices and the backgrounds of our key personnel.
All investing is subject to risk, including loss of principal.
Choosing a pooled plan does not eliminate the need for plan sponsor to determine whether a plan is appropriate for their specific circumstances. No investment decision should be made based on this information without first obtaining appropriate professional advice and considering the circumstances. Contact your tax advisor, accountant and/or attorney before making any decisions with tax or legal implications.
Information contained herein may have been obtained from a range of third-party sources and is believed to be reliable but not guaranteed.
Franklin Templeton manages certain investment options in the program.
Logos and trademarks are the intellectual property of their respective owners. All Transamerica companies identified are affiliated but are not affiliated with DWC – The 401(k) Experts, LeafHouse Financial, or Franklin Templeton.
© 2023 Transamerica Corporation. All Rights Reserved.
RS3 2321256R2 09/23