Products June 1, 2009

Transamerica Offers Plan Administration Support

Transamerica Retirement Services announced a new service, Plan Administration Service Support (PASS), which gives plan sponsors the opportunity to delegate day-to-day plan administration responsibilities to Transamerica.
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According to a news release, PASS by Transamerica offers capabilities not previously available to sponsors such as tracking new employees’ eligibility to enroll in the retirement plan, preparing enrollment materials and notices, and mailing to employees’ homes at the appropriate eligibility date. Other duties that can be delegated to the Transamerica plan administrative team include plan maintenance and mailings, loans, and distributions.

Under guidance from the sponsor or the sponsor’s third-party administrator, Transamerica’s PASS representatives can assume a full suite of tasks and help sponsors ensure consistency in the way the plan is administered, Transamerica said.

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PASS can be used for both single-employer and multi-employer plans.

 

More information is available at www.TA-Retirement.com or by calling 888.401.5826 Monday through Friday from 7 a.m. to 5 p.m. ET.

 

Deals & People June 1, 2009

NRP Adds 9 More Firms

National Retirement Partners, Inc. (NRP), announced that nine practices have recently joined its network of independent, retirement-focused advisory firms.
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According to an NRP release, the nine new member firms along with their senior principals and locations are:

  • Don Settina Inc.
    Don Settina
    Pittsburgh, Pennsylvania
  • Retirement LLC
    Bob Krypel
    Northbrook, Illinois
  • Pension & Benefit Insurance Services
    Steve Voce
    Lake Forest, California
  • Harbor Retirement Planning LLC
    Adam Conway
    Tampa, Florida
  • Bostonian Solutions
    Jim Sampson
    Marshfield, Massachusetts
  • Michigan Retirement Partners
    Lewis Rowe
    Southgate, Michigan
  • Robinson Wealth Management Advisors
    David Robinson
    San Juan Capistrano, California
  • JW Terrill
    Michael Ottsen
    Melissa Spowell
    Chesterfield, Missouri
  • Doeren Mayhew Financial Advisors
    Don and Bryan Southwick
    Troy, Michigan

NRP said it has hit the 150-office marker. Earlier this year, the firm announced nine additions to its network (see “NRP Picks Up 9 Firms“).

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“We are more focused than ever in attracting and supporting the top retirement practitioners in the country. Our existing firms are experiencing unprecedented growth, a trend which we expect will continue. Firms outside of NRP clearly see this happening with our firms, which has allowed our recruiting efforts to remain very strong,’ said NRP CEO Bill Chetney, in the release.

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