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.
Transamerica, Benefits Provider Partner on Multiple Employer Plan Service
The two companies will handle all of the plan administration.