121 employees reported this benefit
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.
All that I was aware of was the 401 k, and again that was really just matching your contribution.
They offer a 401k plan with employee and employer contributions. They also offer a pension plan that is 100% employer funded.
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.
Retirement plan is now okay, older employees are grandfathered in a better plan.
No match until you work there for 4 years. Little investing options
Comparable to most companies
company contributed very generously to the 4012K and pension