Transamerica Employee Benefit: Retirement Plan | Glassdoor

Transamerica Retirement Plan

Updated Jun 08, 2015

121 employees reported this benefit

3.6
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Employer Summary

Whether the prospect of retirement is years away or a dream that will soon become reality, planning is essential. Transamerica helps employee's plan for retirement through a combination of Company-provided retirement benefits and their own savings. The retirement program includes two separate plans – the Transamerica company-paid Pension Plan and the Transamerica 401(k) Profit Sharing Plan. Employees are generally eligible for participation in the 401(k) Plan upon employment.

An employee’s pension benefit depends on their eligible earnings, age, years of service with the Company, and terms of the Plan when they retire, as well as terms of prior plans in which you participated that merged with the Transamerica Pension Plan. The Plan provides a lump sum distribution when the employee retires, or they may take their benefits as a steady stream of income over the rest of their lifetime.


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Employee Comments

Showing 1–7 of 7
  • May 10, 2019
    StarStarStarStarStar Former Employee in Greenville, North Carolina

    All that I was aware of was the 401 k, and again that was really just matching your contribution.

  • Jun 10, 2018
    StarStarStarStarStar Former Employee in Saint Petersburg, Florida

    They offer a 401k plan with employee and employer contributions. They also offer a pension plan that is 100% employer funded.

  • Apr 10, 2018
    StarStarStarStarStar Former Employee in Plano, Texas

    Employees scheduled to work 20 hours per week are generally eligible after six months of employment. After three years of eligible service, employees are 100% vested.

  • Aug 14, 2017
    StarStarStarStarStar Current Senior Marketing Manager in Plano, Texas

    Retirement plan is now okay, older employees are grandfathered in a better plan.

  • Jun 19, 2017
    StarStarStarStarStar Former Internal Wholesaler in Denver, Colorado

    No match until you work there for 4 years. Little investing options

  • Dec 04, 2015
    StarStarStarStarStar Current IT Management in Cedar Rapids, Iowa

    Comparable to most companies

  • Nov 05, 2015
    StarStarStarStarStar Current Employee in Plano, Texas

    company contributed very generously to the 4012K and pension

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