PEMCO Partners with Transamerica for 401(k) Benefits Packages
Progressive Employer Management Company (PEMCO), one of the nation’s leading payroll, human resources, workers’ compensation and benefits service companies for small and mid-sized businesses, partners with Transamerica Retirement Solutions, a retirement plan provider company with more than 75 years’ experience in the industry.
The partnership between PEMCO and Transamerica Retirement Solutions involves the development of a multiple employer plan detailing the retirement plan administration and the division of responsibilities. Small businesses that adopt this plan will be free of 401(k) plan responsibilities such as due diligence, plan compliance, testing, annual reporting, enrollment, education and assistance.
“We know that employees view workplace retirement plans as an important benefit. Workers with a retirement plan are generally more confident about their ability to reach a secure retirement,” said Jim Kais, senior vice president, Transamerica Retirement Solutions. “For many small businesses, it’s valuable to have a helping hand to manage the administration of their retirement plans. That’s why Transamerica’s retirement plan solutions are geared to making administration more effective and efficient. By combining our expertise with PEMCO’s decades of experience in employee services, we believe it will be easier than ever for employers to offer the benefits that attract and retain talented employees.”
“Retirement benefits are valuable to employees and their families,” said Clinton Burgess, PEMCO’s president and CEO. “These benefits not only give families the security they need, but also, from an employer’s standpoint, increases employee attraction and retention. Partnering with Transamerica provides our clients the best 401(k) plan and overall compensation package they can offer their employees.”
PEMCO provides human resources, workers’ compensation, payroll administration and employee benefits’ services to small- and mid-sized businesses across the nation. Locally and nationally recognized as one of the fastest growing companies in its industry, the professional employer organization has been servicing the professional, medical, contractor, hospitality, service, industrial and non-profit sectors for more than 15 years.
For more information about PEMCO and its partnership with Transamerica, visit progressiveemployer.com.
About Progressive Employer Management Company
Progressive Employer Management Company (PEMCO) is one of the fastest growing professional employer organizations (PEO) in the nation. PEMCO is a full service provider of payroll administration, workers’ compensation, employee benefits, and human resource management. Since 1999, PEMCO’s philosophy for becoming one of the largest PEOs in the U.S. has been to “Focus on the Customer” while allowing uncompromising integrity and relentless attention to detail to drive growth. PEMCO is headquartered in Sarasota, Florida, with additional offices in Tampa, Orlando, Fort Lauderdale, Punta Gorda, and Pensacola, Florida and Dallas (Irving), Texas. For more information, visit http://www.progressiveemployer.com or call 888.925.2990.
For additional information, contact:
hripley (at) ripleypr (dot) com