Transamerica Deepens Collaboration with Fringe Benefit Group to Expand Retirement Plan Solutions Through The Contractors Plan

Transamerica today announced it has expanded its collaboration with Fringe Benefit Group (FBG) and The Contractors Plan, a $2 billion prevailing wage retirement plan program that administers retirement benefits for nearly 1,500 employers and more than 64,500 American workers. 

FBG’s history of providing customized benefit programs for government contractors, restaurants, retail and staffing companies across the United States will complement new service offerings from the expanded collaboration. This includes Transamerica’s Managed Advice^® (savings and investment advice for employees), a multilingual website featuring advanced, customizable and intuitive retirement planning tools, as well as a platform with robust investment options to help employees meet their retirement goals. 

“We are excited to expand this collaboration, leveraging our pooled plan capabilities as a scalable and efficient model for new plan growth,” said Darren Zino, Transamerica’s head of retirement distribution. “We will lean into FBG and The Contractors Plan’s incredible network to enable us to expand retirement plans and service offerings to even more hardworking Americans.”

“FBG and The Contractors Plan is proud to exclusively partner with a leading institutional retirement and asset management platform in Transamerica,” said Travis West, FBG’s CEO. “Combining Transamerica’s retirement expertise and comprehensive suite of solutions with our industry-specific technology and compliance programs will bring substantial benefits and value to any client or prospect in our industries of focus. This collaboration is paving the way for innovations that we believe will set a new standard.”

FBG, with more than four decades of industry experience in working with government contractors, restaurants, retail and staffing companies, has designed and administered programs that simplify the benefits process for employers with hourly workers since 1983. Through its nationwide network of independent brokers and agents, FBG offers products from the industry’s leading carriers and is recognized for its full-service suite of tools and services designed specifically for employers with hourly and part-time workers. For more information, visit www.fbg.com, www.contractorsplan.com or www.theamericanworker.com.