Transamerica and Advo(k)ate Advisors Launch New 401(k) Pooled Employer Plan
Transamerica, in partnership with Osaic's Advo(k)ate Advisors, has launched the Advo(k)ate Nexus Pooled Employer Plan (PEP), a retirement solution aimed at simplifying administration for employers and enhancing participant experiences. The plan integrates fiduciary outsourcing, payroll connectivity, scalable administration, and robust support to help businesses focus on their core operations. Transamerica Fiduciary Services serves as the pooled plan provider, while Transamerica Retirement Solutions acts as recordkeeper and administrative services provider. Advo(k)ate Advisors provides investment oversight under ERISA Section 3(38). The new PEP is designed to streamline retirement benefits for employers by offering centralized fiduciary duties, a single Form 5500 filing across multiple plans, and improved participant engagement tools. Key features include payroll integration with over 125 providers, industry-recognized digital access platforms like OnTrack® guidance, and high-touch customer support. The partnership aims to set new standards in fee transparency and fiduciary leadership.
Topics: fiduciary services pooled employer plan (PEP) retirement plans