Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Client Service Manager

July Business Services
(Remote / Woodway TX)

July Business Services logo

Enrolled Actuary

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Plan Administrator

Aimpoint Pension
(Remote)

Aimpoint Pension logo

Actuarial Healthcare Director

Nyhart, part of FuturePlan by Ascensus
(Remote / Indianapolis IN / AL / AR / CT / DC / DE / FL / GA / IA / IL / KS / KY / LA / MA / MD / ME / MI / MN / MO / MS / NC / ND / NE / NH / NJ / NY / OH / OK / PA / RI / SC / SD / TN / TX / VA / VT / WI / WV)

Nyhart, part of FuturePlan by Ascensus logo

ERISA Attorney

Smith & Downey
(Towson MD)

Smith & Downey logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Rancho Cordova CA / Corona CA)

Nicholas Pension Consultants logo

Saver Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Customer Support for Pension Software

DATAIR Employee Benefit Systems, Inc.
(Remote / Westmont IL)

DATAIR Employee Benefit Systems, Inc. logo

DB / DC Plan Consultant

Small NY Actuarial TPA Firm
(Remote / CT / NJ / NY)

Small NY Actuarial TPA Firm logo

VP Sales Consultant (Retirement)

FuturePlan, by Ascensus
(Remote / FL)

FuturePlan, by Ascensus logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Defined Contribution Plan Administrator

PPS Pension Services
(Remote / Williamsville NY)

PPS Pension Services logo

Retirement Plan Specialist

RTD Financial Advisors
(Cherry Hill NJ)

RTD Financial Advisors logo

Client Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Relationship Manager

Compass Retirement Consulting Group, Inc.
(Remote / MA / ME / NH)

Compass Retirement Consulting Group, Inc. logo

Senior Retirement Plan Administrator

TPS Group
(Remote / Buffalo NY)

TPS Group logo

Defined Contributions Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists
(Remote)

Cetera Retirement Plan Specialists logo

DB/DC Administrator

Primark Benefits
(Remote / Burlingame CA)

Primark Benefits logo

Implementation Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Sr. DB Plan Administrator

Nyhart, part of FuturePlan by Ascensus
(CA / UT)

Nyhart, part of FuturePlan by Ascensus logo

DC Plan Administrator

Heritage Pension Advisors, Inc.
(Remote / Commack NY)

Heritage Pension Advisors, Inc. logo

Retirement Plan Administrator

Prime Benefits
(Remote / Baltimore MD)

Prime Benefits logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by Transamerica

Press Release

Transamerica and FuturePlan Expand Retirement Plan Access with Innovative New Pooled Plan Solution

Issued by Transamerica

Nov. 16, 2021

New Product Reduces Employer Burdens, Mitigates Risk with Payroll Data Integrity

Baltimore -- Transamerica and FuturePlan by Ascensus today introduced an innovative new pooled plan retirement solution called FuturePlan GPS (Group Plan Solution). FuturePlan GPS makes retirement plan  sponsorship easier for employers by reducing time-consuming administrative burdens and mitigating  fiduciary risk. With a fully integrated 100-point payroll data integrity check, it also helps prevent  common and potentially costly plan errors.  
 
Open to both existing and start-up 401(k) plans, FuturePlan GPS provides guided onboarding and enrollment support, as well as ongoing service from a dedicated FuturePlan team with seamless  integration into Transamerica’s recordkeeping system. FuturePlan serves as the third party  administrator and 3(16) plan administrator, while Transamerica is the plan’s recordkeeper and  Fiduciary-Plus is the 3(38) fiduciary investment manager. 
 
Participating employers will enjoy access to a combined team of industry-leading plan professionals not otherwise available outside of this unique pooled arrangement. FuturePlan GPS also includes the  FuturePlan Fiduciary Assistant® program, a proprietary 100-point payroll data integrity check designed  to prevent most common plan errors flagged in U.S. Department of Labor (DOL) and IRS audits.  Fiduciary Assistant works in conjunction with Transamerica’s PayStart® approved payroll vendors. 
 
“We believe that every American should have the opportunity to save with a high quality, well-managed retirement plan, and FuturePlan GPS is an important step toward making that possible,” said Teresa Hassara, President of FuturePlan. “We are proud to be broadening access for small business owners  by offering cost-efficiencies and reducing both fiduciary risk and administrative workloads.”  
 
“With FuturePlan GPS, employers and their financial consultants have a powerful opportunity to transfer most of the responsibilities of sponsoring a retirement plan. This benefit allows them to focus  on their own business growth while offering a crucial benefit to their employees,” said Darren Zino,  Senior Managing Director of U.S. Retirement Distribution at Transamerica. “By partnering with  FuturePlan, we bring an integrated solution that will help more people save for retirement. That is our  ultimate shared objective.”  
 
“We are excited to partner with FuturePlan, and to support their advisors and clients alike, who want help making informed decisions to better participant outcomes,” said Todd Timmerman, Managing  Director of Fiduciary-Plus. 
 
“FuturePlan GPS also frees up our advisor partners to focus on client relationships, investment management, and outcomes,” added Kasey Price, FuturePlan’s Head of Sales. “Now they can quickly  and easily connect clients with a team of leading experts and a best-in-class suite of plan services. We  designed a simplified selling, onboarding, and service experience to meet the needs of advisors and  their clients.”  

To learn more about FuturePlan GPS, employers and financial professionals can contact FuturePlan at 866-929-2525 or email sales@futureplan.com. 

About Transamerica  

With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of  health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps  necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment,  providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset  management services. In 2020, Transamerica fulfilled its promises to customers, paying more than $49 billion in insurance,  retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica’s  corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa and Denver,  Colorado. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is a diversified financial  services group focused on providing investment, protection, and retirement solutions. For the full year of 2020, Aegon  managed over $1.1 trillion in revenue generating investments. For more information, visit www.transamerica.com. 
 
About FuturePlan 

FuturePlan by Ascensus provides creative plan design, strategic consulting, IRS and DOL regulatory compliance services, and end-to-end plan administration for more than 51,000 retirement plans across the U.S.  A leading national retirement TPA,  FuturePlan is dedicated to helping clients and partners deliver better outcomes for retirement savers. We provide plan  sponsors with a deep bench of expertise, simplifying the complex and relieving the burden of plan administration, consulting,  and compliance. FuturePlan’s expert team combines highly responsive personalized service with the unmatched strength and  security of Ascensus. FuturePlan’s integrated 3(16) and payroll data integrity solutions save time and reduce risk, giving plan  sponsors peace of mind. Learn more at FuturePlan.com. 
 
About Fiduciary-Plus 

Fiduciary-Plus was created to partner with advisors as the company strives to provide the best-in-class services to plan sponsors and their plan participants. Fiduciary-Plus helps a business owner/plan committee manage fiduciary liability by  engaging RPA Financial LLC to accept responsibility for investment decisions as an ERISA defined 3(38) discretionary  investment manager. Fiduciary-Plus also offers plan governance education webinars and certificates, benchmarking services  and fees, and a fiduciary vault to support the storage of vital documentation Learn more at www.fiduciary-plus.com.  

View More Press Releases by Transamerica


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021 BenefitsLink.com, Inc.