Revolutionizing Retirement Plans: Transamerica and Fiducient Unite
Transforming Retirement Solutions for Nonprofits
Transamerica and Fiducient Advisors have taken a significant step in enhancing retirement solutions with the introduction of the Fiducient Advisors 403(b) Pooled Employer Plan (PEP). This new pooled plan is set to simplify retirement management for nonprofits and other organizations that sponsor 403(b) plans, providing them with tailored features and top-notch investment options.
The Launch of the Fiducient Advisors 403(b) PEP
Set to launch on January 1, 2026, the Fiducient Advisors 403(b) PEP is designed to ease the administrative burdens faced by nonprofit sectors. Transamerica will play a vital role as the primary recordkeeper and administrator of the plan, delivering a comprehensive, large-market solution. In collaboration, Fiducient Advisors will serve as the ERISA 3(38) investment manager, ensuring that participating organizations benefit from their extensive experience and expertise.
Benefits of the New Plan
One of the defining features of the Fiducient Advisors 403(b) PEP is its flexible structure. Adopting employers can choose the eligibility criteria, matching formulas, and contribution structures that best suit their needs. This flexibility is especially critical for nonprofits that often require individualized approaches to retirement planning. Delegating fiduciary and administrative duties to seasoned professionals allows participating organizations to access quality investment options and focus on their core missions.
Expert Insights on Retirement Planning
Darren Zino, head of Retirement Distribution at Transamerica, expressed optimism about the new initiative: "The Fiducient Advisors 403(b) PEP is empowering everyday individuals to plan effectively for retirement. We are excited to introduce this innovative solution to the 403(b) market, ensuring that organizations, regardless of size, can provide their employees with superior retirement plan access."
Commitment to Nonprofits
Fiducient Advisors is equally enthusiastic, with partner Tyler Polk affirming the company’s dedication to serving nonprofit clients: "By addressing the need for a flexible and scalable 403(b) solution, we aim to improve retirement outcomes for employees across various organizations. Our collaboration with Transamerica enhances our capacity to deliver institutional-quality retirement benefits while minimizing administrative challenges. This effort is a win-win for staff at nonprofits everywhere."
Accessibility Across Sectors
The newly established Fiducient Advisors 403(b) PEP will be accessible to a wide range of 403(b) plans across different sectors. Organizations interested in joining the plan have the opportunity to inquire more about it through the Fiducient Advisors portal.
Understanding Pooled Employer Plans
Pooled Employer Plans (PEPs) create a new avenue for multiple employer engagement and are positioned to revolutionize the retirement planning landscape for nonprofits. The Department of Labor (DOL) is still guiding various aspects of PEP operations, which means employers need to maintain defined fiduciary responsibilities. These include selecting and monitoring the Pooled Plan Provider (PPP) and undertaking due diligence on plan fees.
Continued Commitment to Client Service
Transamerica’s commitment to its clients spans over 120 years, and its efforts culminated in 2024 when it paid out over $62 billion in benefits, ensuring robust support for their customers' financial futures. This heritage of innovation and dedication underscores Transamerica's mission of enabling individuals to seize their financial potential.
Fiducient Advisors, established in 1995, continues to thrive as an investment consulting firm, dedicated to offering personalized investment advice to various clients including retirement plan sponsors, families, and financial institutions. Their commitment to exceptional service allows them to cultivate lasting relationships while prioritizing client needs.
Frequently Asked Questions
What is the Fiducient Advisors 403(b) PEP?
The Fiducient Advisors 403(b) PEP is a pooled employer plan designed to simplify retirement plan management for nonprofits and 403(b) sponsors, offering flexible options.
Who are the main organizations involved in this PEP?
The main organizations involved in this new plan are Transamerica and Fiducient Advisors, both of which bring significant expertise to the table.
When will the Fiducient Advisors 403(b) PEP become available?
The plan is scheduled to launch on January 1, 2026, with pre-launch activities beginning in October.
How can organizations inquire about joining the plan?
Organizations interested in joining the Fiducient Advisors 403(b) PEP can reach out through the Fiducient Advisors website for more information.
Why are pooled employer plans significant for nonprofits?
Pooled employer plans offer nonprofit organizations a streamlined approach to retirement planning, improving access to institutional-quality benefits while relieving administrative complexities.
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