Transamerica Announces New Fund Platform for Company-Sponsored Retirement Plans
LOS ANGELES, CA, November 20, 2009 -- Transamerica Retirement Services today introduced a new mutual fund platform for company-sponsored retirement plans. The new platform offers an investment line-up with no proprietary fund requirements. Target maturity funds are included from three fund families, a choice often made available only to larger plans by most providers. The new mutual fund platform features flexible pricing, presenting financial advisors with the ability to build a competitive retirement plan that is tailored to meet the needs of plan sponsors in the small and mid-sized markets.
The new mutual fund platform gives financial advisors and plan sponsors the flexibility to work with a third party administrator (TPA), or receive bundled, full-service capabilities from Transamerica. The key features of Transamerica's new platform include:1
- Diverse array of 300 funds.
- Multi-manager investment approach including 35 respected fund families.
- No proprietary fund requirements.
- Target maturity funds from The Vanguard Group, American Century Investments, and T. Rowe Price.
- Multiple stable value funds.
- Flexible and competitive pricing structure.
- Availability starting at a low asset minimum of $1 million.
- Fiduciary warranty offering additional protection to plan sponsors, with specific guidelines for helping sponsors develop an investment line-up.
"Today's launch of the new mutual fund platform further strengthens Transamerica's position as a leader in the advisor and TPA-dominated market segment," said Stig Nybo, president of Transamerica Retirement Services. "This is a very competitive solution for advisors and TPAs who are committed to offering innovative and in-demand features to plan sponsors in the small and mid-sized markets."
About Transamerica Retirement Services
Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica Retirement Services ranked among the top plan provider in a recent PLANSPONSOR® Magazine Defined Contribution Survey and has more than 15,000 retirement plans totaling more than $13.2 billion in assets. For more information about Transamerica, please refer to www.TA-Retirement.com.
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