Transamerica Opens Stable Value Option to All Recordkeepers
Transamerica today announced that it has expanded access to retirement plans across all recordkeepers to an Investment Only version of the Transamerica Guaranteed Investment Option (GA SVIO), the company’s general account stable value account.
“Plan sponsors and financial professionals want stability for their retirement plan participants without sacrificing progress, and we are meeting requests to offer our proven stable value options as an individual solution.”
Transamerica’s Gregg Holgate
The offering expands access to a proven capital preservation option investment strategy designed to protect a participant’s principal investment with predictable returns.
“Plan sponsors and financial professionals want stability for their retirement plan participants without sacrificing progress, and we are meeting requests to offer our proven stable value options as an individual solution,” said Gregg Holgate, head of in-force management and client engagement at Transamerica. “With the new Investment Only version of the Transamerica Guaranteed Investment Option, we combine competitive crediting rates, flexible exit provisions and portability—backed by our financial strength—so customers can move forward with confidence.”
To support the expansion, Transamerica has appointed two new managing directors to lead stable value investment solutions nationwide. Chris Solimine, a seasoned investment executive, will oversee the eastern region. He brings extensive experience in developing stable value and multi-asset strategies tailored to retirement plans. Brian Simms will lead efforts in the western region, drawing on his deep institutional retirement sales expertise across all IRS codes and plan types. He offers specialized knowledge in stable value investment solutions for defined contribution plans, collective investment trusts (CITs), and balanced portfolios. Transamerica said in a press release today that their leadership will help ensure personalized support and strategic guidance for plan sponsors across the country.
The company said the Investment Only version of the Transamerica Guaranteed Investment Option offers:
• Confidence: Provides principal protection and predictable returns to help participants safeguard savings and plan with confidence.
• Flexibility: Offers exit provisions, including book-value termination periods of one, three, or five years. Immediate termination is available and may be subject to a market value adjustment (MVA).
• Portability: Enables movement across recordkeeping platforms via the National Securities Clearing Corporation (NSCC), simplifying transitions.
• Choice: Delivers options for existing contracts, such as absorbing an MVA or supporting spread-pay situations.
• Revenue-sharing: Provides arrangements to meet plan and platform needs.
Financial professionals and plan sponsors can explore Transamerica’s GA SVIO resources here.
SEE ALSO:
• Transamerica, Fiducient Advisors Launch 403(b) PEP
• T. Rowe Price Modernizes Stable Value Operations
• Stable Value Funds: Balancing Safety and Opportunity with Lincoln Financial’s Matt Condos
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
