Transamerica partners with Sage Advisory Services to offer new cash balance retirement plans
By a
The plan's advisor will work with the sponsor to ensure that the investments meet the plan's needs in helping prepare employees for retirement. The plan sponsor will select their preferred third party administrator and actuary to serve the plan with the advisor's guidance. The plan sponsor and advisor can rely on
"Cash balance plans are increasingly used by small and mid-sized businesses to help their employees prepare for a secure retirement. Cash balance plans can help businesses maximize their retirement plan contributions and accelerate employees' retirement savings," said
Cash balance plans are employer-sponsored retirement plans that offer lower risks and more predictable costs for the employer than defined benefit plans. Like 401(k) plans, cash balance plans allow employees to have transparent individual account balances, along with optional IRA rollovers if the employee leaves the company.
"We're proud to work with
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