#Transamerica #Pooled Employer Plan #Fiducient Advisors

Transamerica and Fiducient Advisors Launch 403(b) Pooled Employer Plan

In a groundbreaking initiative, Transamerica has partnered with Fiducient Advisors to launch the Fiducient Advisors 403(b) Pooled Employer Plan (PEP), set to take effect on January 1, 2026. This innovative retirement solution aims to streamline the management of retirement plans for nonprofits and other organizations that sponsor 403(b) plans. The announcement of this partnership is a significant milestone in making retirement planning more manageable and accessible for everyday Americans.

Overview of the 403(b) Pooled Employer Plan

The Fiducient Advisors 403(b) PEP is designed to simplify retirement plan administration by allowing adopting employers the flexibility to customize various aspects of their plans, including eligibility criteria, matching formulas, and contribution designs. By transferring fiduciary and administrative responsibilities to seasoned third parties, this plan provides access to institutional-quality investment options. At the same time, it facilitates greater compliance and efficiency in daily operations, thereby relieving some of the burdens typically faced by plan sponsors.

Transamerica will take on crucial roles as the recordkeeper and plan administrator, delivering a comprehensive large market solution. Fiducient Advisors will contribute its expertise as an ERISA 3(38) investment manager, with Transamerica Fiduciary Services acting as both the pooled plan provider and ERISA 3(16) plan administrator, ensuring the plan’s compliance with regulatory standards.

Benefits for Nonprofits

According to Darren Zino, head of Retirement Distribution at Transamerica,