Retirement Products & Services
Transamerica Retirement Services is a top (1) retirement plan provider that creates better tomorrows through best-in-class (1) employer-sponsored retirement plans.
Defined Contribution
A defined contribution plan is a company-sponsored retirement plan where the amounts an employee and employer contribute help determine the benefit an employee will receive. The 401k plan is the most common type of defined contribution plan.
Defined Benefit
A pension plan that provides for a specific or "defined" benefit is typically described in terms of a benefit payable to an employee upon attaining retirement age. Most plans provide employees with a lifetime monthly benefit (annuity) starting at retirement.
Multiple Employer Plans
A Multiple Employer Plan is a retirement plan that covers employers that typically have a common interest, but are not commonly owned. By joining a Multiple Employer Plan, employers typically receive the economies of scale that have generally been reserved for large businesses.
Single Premium Group Annuities
An increasingly popular way to remove a long-term liability that can adversely affect a company's bottom line is through a single premium group annuity. This non-participating group annuity product is usually used for an insurance company takeover of the liabilities of a terminating defined benefit pension plan.
Tools You Can Use
Participants in company-sponsored retirement plans offered by Transamerica have access to a wide variety of retirement planning educational tools and resources.
Have Questions?
Give us a call at (888) 401-5826, Monday through Friday, 9 a.m. to 7 p.m. Eastern Time.
