UBS to offer Transamerica program for small-business retirement plans

UBS advisers using the firm’s retirement plan manager advisory program now will be able to tap a Transamerica service that’s designed to reduce the administrative burdens for small businesses that offer retirement plans.

Called Retirement Plan Exchange, the service uses TAG Resources, a Knoxville, Tennessee-based firm specializing in pooled structures, to serve as a plan’s 402(a) and 3(16) fiduciary and manage the day-to-day administrative duties

The UBS retirement plan manager advisory program offers discretionary investment management, with UBS acting as an investment manager under ERISA Section 3(38).

Transamerica said that Retirement Plan Exchange is not a multiple employer plan. Unlike a MEP, certain plan qualification and ERISA requirements are applied at the individual plan level.

[More: The race for small-business 401(k)s]

The post UBS to offer Transamerica program for small-business retirement plans appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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