Transamerica Debuts Stable Value General Account With Flexible Features

Transamerica announced today the availability of a new stable value general account option for retirement plans. The option empowers employers by offering flexibility to develop a stable value solution for their defined contribution retirement plan participants based on their goals and objectives for the plan and stable value option. For example, the new solution allows plan sponsors to customize the contract termination provision.

The Transamerica Guaranteed Investment Option is backed by the general account holdings of Transamerica Life Insurance Company. Crediting rates are set based on current economic and market conditions and by the contract provisions selected by the plan sponsor at contract issuance.

The Transamerica Guaranteed Investment Option is available to most large market retirement plans administered by Transamerica, including 401(k), 403(b), and 457 plans. There are no minimum deposit requirements.

“As retirement plan participants approach retirement, many look to cash equivalents because this asset class does not have the same risk factors associated with stocks or bonds. The Transamerica Guaranteed Investment Option is unique because it allows plan sponsors to pre-select certain provisions that can elevate the stated return rate,” said Joe Boan, SVP, Executive Director, Workplace and Individual Market Distribution at Transamerica. “The periodic change in rates give people confidence that they are receiving a competitive rate as markets change.”