Corporate Roundup: Transamerica Expands $2B Retirement Program, CFP Board Welcomes Directors
This week, Transamerica grows its $2 billion wage retirement plan program, CFP Board welcomes two new directors, T. Rowe Price launches a tech-focused exchange-traded fund (ETF), and more.
Transamerica Expands $2B Retirement Program
Transamerica has expanded its collaboration with Fringe Benefit Group (FBG) and The Contractors Plan, a $2 billion wage retirement plan program that administers retirement benefits for nearly 1,500 employers and more than 64,500 American workers.
FBG has a history of providing customized benefit programs for government contractors, restaurants, retail and staffing companies across the United States. This includes Transamerica‘s Managed Advice (savings and investment advice for employees), a multilingual website featuring customizable retirement planning tools, as well as a platform with investment options to help employees meet their retirement goals.
“We are excited to expand this collaboration, leveraging our pooled plan capabilities as a scalable and efficient model for new plan growth,” said Darren Zino, Transamerica’s head of retirement distribution. “We will lean into FBG and The Contractors Plan’s incredible network to enable us to expand retirement plans and service offerings to even more hardworking Americans.”
“FBG and The Contractors Plan is proud to exclusively partner with a leading institutional retirement and asset management platform in Transamerica,” said Travis West, FBG’s CEO. “Combining Transamerica’s retirement expertise and comprehensive suite of solutions with our industry-specific technology and compliance programs will bring substantial benefits and value to any client or prospect in our industries of focus. This collaboration is paving the way for innovations that we believe will set a new standard.”
