Transamerica has acquired TAG Resources, a Knoxville, Tennessee-based retirement services company, to bolster its offerings of pooled employer retirement plans.
“The addition of TAG’s technology and service model will enable Transamerica to further expand its pooled retirement plan offerings to third-party administrators (TPAs), financial advisers, broker-dealers, and defined contribution investment only (DCIO) exchange partners,” the company said in a release.
Terms of the acquisition were not disclosed.
Since the SECURE Act gave the go-ahead for pooled employer plans, dozens of providers have registered with the Department of Labor to provide PEPs.
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