Transamerica Retirement Solutions: Difference between revisions
m Shortride moved page Diversified Investment Advisors to Transamerica Retirement Solutions: name change |
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Revision as of 03:32, 19 June 2013
| Company 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 |
Number of employees | 1100 employees |
| Parent | Aegon |
| Website | www.divinvest.com |
Diversified 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
Established as an original division of MONY (Mutual of NY) and its predecessors, Diversified spun off as a separate entity in the early 1990s. 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.