Tuesday, July 23, 2024

SageView collaborates with Transamerica to offer pooled retirement plan solutions

SageView and Transamerica Partner to Close Retirement Coverage Gap in the Workplace

Are you a small business owner looking to provide your employees with a cost-effective and efficient retirement plan? Look no further than the partnership between SageView and Transamerica, aimed at closing the retirement coverage gap in the workplace.

SageView Advisory Group, an independent RIA, has teamed up with Transamerica to offer Integrity Pooled Solutions through a 401(k) Retirement Plan Exchange and a Choice Pooled Employer Plan (PEP) option. This collaboration is designed to provide tailored retirement solutions for plan sponsors who may not have the expertise or resources to manage a retirement program in-house.

With SageView acting as the 3(38) investment manager and financial advisor, and Transamerica serving as the recordkeeper, plan sponsors can rest assured that their employees’ retirement savings are in good hands. Additionally, Transamerica Fiduciary Services and TAG Resources will handle administrative tasks, making it easier for participating plan sponsors to manage their retirement plans.

The 401(k) Retirement Plan Exchange is ideal for small businesses with fewer than 100 employees, offering a streamlined and cost-effective retirement plan option. On the other hand, the Choice PEP is suitable for organizations of any size, providing simplified and efficient retirement planning services.

Participants in either the Exchange or the PEP will also have access to SageView’s financial education and engagement platform, PersonalSAGE, which offers personalized financial guidance and educational resources for employees.

Darren Zino, Transamerica’s senior managing director for retirement, expressed the joint commitment of SageView and Transamerica to expanding access to retirement plans. Their goal is to ensure that every American worker has the opportunity to retire with dignity and security, and this new offering is a significant step towards achieving that goal.

So, if you’re a small business owner looking to support your employees’ retirement goals, consider partnering with SageView and Transamerica to provide a cost-effective and efficient retirement plan. Your employees will thank you for it!

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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