Transamerica has introduced a mutual fund platform for workplace retirement plans that offers target maturity choices, 300 funds from 35 companies and has no proprietary fund requirements. Sponsors and advisers also have a choice of pricing.
Sponsors and advisers can also choose either to work with a third-party administrator or receive bundled, full-service capabilities from Transamerica. Further, it includes multiple stable value funds and is available to plans with as little as $1 million of assets under management. The target maturity funds are from Vanguard, American Century and T. Rowe Price.