What is the (k)larity Plan™?

The (k)larity Plan™ is a pooled employer plan (PEP) that offers a retirement plan structure that may help you attract and retain talented employees while aiming to improve plan management efficiencies.

What is a PEP?

PEP is a type of multiple employer plan consisting of a collection of unrelated single employers that share a common pooled plan provider, named fiduciary, investment advisor, investment menu, plan year, and trustee.

What are the benefits of joining a PEP?

When you adopt the PEP, your employees gain access to retirement benefits. And you may gain the benefits that come with economies of scale. These may include easing your administrative burden, reducing your fiduciary risk, and potentially lowering your overall plan expense.

Administration →You are able to offload many administrative tasks, such as processing distributions, participant enrollment/communications, eligibility tracking, and compliance testing/reporting
Fiduciary liability →The PEP offers
fiduciary support.
Plan
design →You’ll have options avaiable to tailor your plan based on your employee data; e.g., eligibility, vesting schedule, loans, withdrawals, matches, and more
Potential cost
savings →Economies of scale allow for group pricing, potentially lower-cost investment options, and potentially lower fees for compliance testing, audits, document preparation, and Form 5500 filings.
Adoption
process →You’ll receive guidance throughout the process. A dedicated service team is available to answer questions for you and your employees.
Eliminate
Individual Plan
Audits →As a part of a Pooled Employer Plan (PEP), the need for individual plan audits is eliminated.

The (k)larity Plan™ Participant Experience

Transamerica will be there to help your employees. The tools and action-oriented education provided may help your employees work towards their financial goals.

24/7 Online Account Access
Through the Transamerica participant website or mobile app, your employees can enroll in your retirement plan and make changes to their account.
Your Retirement Outlook®
Using weather icons, Transamerica’s OnTrack® tool may help participants understand how they’re doing on the road to retirement. These personalized forecasts also offer actionable suggestions.
Personalized Support
Your employees will also have access to the professional support team along their retirement journey. Transamerica’s customer care representatives can assist with account questions, while its retirement planning consultants and retirement advisors are available to help navigate other financial decisions and life events.
Financial Wellness Center
All your employees have access to Transamerica’s Financial Wellness Center. Designed to enhance financial literacy, this online resource features 200+ articles, webinars, and videos covering a wide range of financial planning topics.