Transamerica Retirement Solutions

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Transamerica Retirement Solutions
Type Subsidiary
Industry Full Service Retirement Consulting
Founded 1963
Headquarters Harrison,NY
Key people 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
Employees 1100 employees
Parent Aegon
Website www.trsretire.com

Transamerica Retirement Solutions, formerly Diversified Investment Advisors, is "a mid market financial investment/record keeping firm that specializes in corporate retirement plans, with an avg. participant size of about 1000 to 5000 employees."[1]

History[edit]

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, 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 and Wisconsin.

Plan Sponsor has rated them among the best mid to large market providers in terms of Consulting, Relationship Management, Actuarial Account Consulting, Employee Education and Plan Conversion.[citation needed]

They have corporate relationships with Transamerica Life and are a wholly owned subsidiary of Aegon N.V. headquartered in the Hague, Netherlands.

References[edit]

  1. ^ James A. O'Brien, Introduction to information systems: essentials for the internetworked ..., Ninth Edition (2000), 49.