NU Online News Service, July 26, 1:22 p.m. – Banc One Insurance Group, Milwaukee, is working with Transamerica Retirement Services, Los Angeles, to sell a new, group annuity-based 401(k) plan to small businesses.
The new Bank One/Transamerica 401(k) plan, which offers 51 investment options from six money managers, is suitable for plans with $1 million to $3 million in assets, according to Banc One, a unit of Bank One Corp., Chicago.
Transamerica is a unit of AEGON N.V., The Hague, Netherlands.