Transamerica Creates Services Platform for TPAs

Transamerica Retirement Services is launching TPA Choice, a suite of solutions that provides third party administrators (TPAs) the ability to customize how they work with Transamerica.

TPA Choice allows TPAs to choose which services they want to provide, based on how they want to service clients and meet their business goals.  

According to the announcement, Transamerica’s TPA Choice allows customization in four areas:

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1) Technology and Processing Innovation: TPAs can set plan design preferences on a plan-by-plan basis up front, choosing their level of involvement in regards to loans, distributions and vesting. 

2) Service Fee Income Flexibility: Transamerica’s service fee income structure has no plan count qualifications or licensing requirements. The program can provide both deposit-based income for the plan’s first year deposits, and asset-based income for the life of the plan.

3) Payroll Interface Solutions: Choice between two optional payroll interface solutions:

  • Plan Administration Service Support (PASS) for Payroll Services provides an assigned specialist to coordinate payroll activity between the plan sponsor, the payroll company, and Transamerica. PASS may also provide support for the plan’s communications and notices, distribution-related activities, loan-related activities and enrollment-related activities.  
  • PayStart provides a service for qualifying clients that allows contribution data to be sent directly from the payroll vendor to Transamerica, eliminating the need for the plan sponsor to create and manipulate a separate file.
4) TPA Advantage Program: Transamerica’s TPA Advantage Program offers qualifying TPAs sales and marketing support, access to industry consultants and advisors, and event planners. 

For more information about Transamerica Retirement Services, visit http://www.TA-Retirement.com.

Sentinel Adds Co-Manager to Growth Funds

Sentinel Investments hired Kelli K. Hill as co-manager to the Sentinel Capital Growth, Sentinel Growth Leaders, and Sentinel Sustainable Growth Opportunities Funds effective April 1, 2011.

She will be joining Elizabeth R. Bramwell, CFA, senior vice president and lead portfolio manager. Bramwell has led the funds’ investment team since March 2006 and has managed the predecessor funds of Capital Growth and Growth Leaders since their inception in 1994 and 1999, respectively.  

Hill joins Sentinel from Ashfield Capital Partners in San Francisco where she served as lead portfolio manager for the All-Cap portfolio, and was a member of the investment team for the Large Cap Growth portfolio. Before her time at Ashfield, she was an institutional portfolio manager and member of the International Core and Large Cap Core Growth portfolio teams at Putnam Investments in Boston. Earlier, Hill held portfolio management positions at Wells Capital Management and Wells Fargo Bank.  

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Hill graduated from University of Southern California, Los Angeles with a Bachelor of Arts in International Relations.

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