Transamerica Retirement Solutions
| Company type | Subsidiary |
|---|---|
| Industry | Full service retirement consulting |
| Founded | 1963 |
| Headquarters | Harrison,NY |
Key people | Kent Callahan CFO, Peter Kunkel, president, Alice Hocking, chief operating officer, |
| Products | 401(k), 403(b), 457 plans, defined benefit administration & consulting, investment management, recordkeeping, reporting, nonqualified, IRA, Roth IRA's and similar products |
Number of employees | >3000 employees |
| Parent | Aegon |
| Website | www |
Transamerica Retirement Solutions, is a recently renamed full service retirement firm formed via the mergers of several “AEGON” companies including Transamerica Retirement Services, The Employer Solutions and Pensions Group of Transamerica, Clark Consulting and Diversified Investment Advisors, in this new model they are a major player in all retirement markets from small to large with an emphasis on full service and a la carte consulting in nearly every area of retirement plan administration consulting and investment management "once a traditional mid market financial investment/record keeping firm that specialized in corporate retirement plans, with an avg. participant size of about 1000 to 5000 employees, they are active in the “RFP” process in nearly every market nationally except perhaps mega plans. They gave received >40 cups in recent Plan Sponsor Survey’s across varied segments of the retirement market as measured by Chatham Partners and Plan Sponsor Magazine, in this new configuration they have > 3000 employees ."[1]
History
The prior Diversified Investment Advisors Division was established as an original division of MONY (Mutual of NY) and its predecessors, Diversified spun off as a separate entity in the early 1990s. Transamerica Retirement Solutions, formally Diversified has over 50 years of multi-product, retirement services only industry experience.
The company’s activity covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k), 403(b) (Traditional and Roth IRA's); 457; non-qualified deferred compensation, profit sharing, money purchase, traditional DB, DB non-qual., cash balance and Taft-Hartley plans. Providing comprehensive "TRO" total retirement outsourcing inclusive of plan administration, investment and communication services for mid to large-sized organizations, with a specializations in the health care market.[citation needed]
Headquartered in Harrison, NY, the company’s regional offices are located in Arkansas, California, Florida, Illinois, Iowa (Major back office - Cedar Rapids), Louisiana, Maryland, Massachusetts (Actuarial Consulting Group), New York, North Carolina, Ohio, Oregon, Pennsylvania, Texas, Utah, Washington and Wisconsin.
They have corporate relationships with Transamerica Life and are a wholly owned subsidiary of Aegon N.V. headquartered in the Hague, Netherlands.