ProductsJuly 29, 2015

Transamerica, Benefits Provider Partner on Multiple Employer Plan Service

The two companies will handle all of the plan administration.

Reported by Lee Barney

Transamerica Retirement Solutions has partnered with benefits company Progressive Employer Management Company (PEMCO) to offer multiple employer plan services. The two companies will handle all plan administration, including due diligence, plan compliance, testing, annual reporting, enrollment, education and assistance. The service is aimed at small plans.

“We know that employees view workplace retirement plans as an important benefit,” says Jim Kais, senior vice president at Transamerica. “For many small businesses, it’s valuable to have a helping hand to manage the administration of their retirement plans. Transamerica’s retirement plan solutions are geared to making administration more effective and efficient.”

PEMCO provides human resources, workers’ compensation, payroll administration to small- and mid-sized businesses across the nation.