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Transamerica Updates Retirement Plan

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NU Online News Service, Feb. 18, 2004, 2:05 p.m. EST – Transamerica Retirement Services, Los Angeles, has updated one of its major retirement plans.[@@]

Transamerica will be marketing the new Transamerica Partner Series III(i) plan to small and midsize employers.

The plan is designed so that local benefit plan administrators can run it, Transamerica says.

Employers who adopt the plan can choose from a menu of more than 70 investment funds. Transamerica provides a fiduciary guide, enrollment kits, enrollment workshops, a Web-based administration system and free retirement planning tools.

Transamerica Retirement is a unit of AEGON N.V., The Hague, Netherlands.