A retirement plan structure is gaining serious traction with plan sponsors — and Advo(k)ate Advisors and Transamerica just built one.

We’re proud to announce the launch of the Advo(k)ate Nexus Pooled Employer Plan (PEP), a modern 401(k) retirement solution built for employers of all sizes who want to offer a competitive retirement benefit without the administrative complexity that typically comes with it.

The Nexus PEP is the result of a partnership between Advo(k)ate Advisors and Transamerica, two organizations that share a commitment to simplifying retirement plan management and improving outcomes for employers and employees alike.

What Makes the Advo(k)ate Nexus PEP Different?

The Nexus PEP was built from the ground up to make offering a retirement plan straightforward for employers and meaningful for participants. Here’s what sets it apart:

Fiduciary outsourcing: Advo(k)ate Advisors provides investment oversight as the named ERISA Section 3(38) investment fiduciary, meaning we take on investment oversight so your clients don’t have to.

Transamerica Fiduciary Services serves as the Pooled Plan Provider and assumes key administrative and fiduciary duties. Transamerica Retirement Solutions is the recordkeeper and administrative services provider, while Transamerica Trust Company serves as custodian and trustee.

  • Payroll integration: With relationships with more than 125 payroll providers, the Nexus PEP connects easily to existing payroll systems, saving time and reducing errors.
  • Participant experience: Participants get access to Transamerica’s industry-recognized website and mobile platform, OnTrack® guidance with Your Retirement Outlook®, and optional Managed Advice® for goals-based investment management.
  • Administrative relief: A single Form 5500 and consolidated audit covers all participating employers. No more separate filings or independent audits.
  • Human support: Dedicated customer care designed to drive plan participation and improve deferral outcomes.

“Advo(k)ate Advisors and Osaic are exceptional partners, who bring deep expertise, proactive fiduciary leadership and a relentless commitment to customer outcomes. Together, we are delivering a pooled employer plan that simplifies complexity and is designed to help employers and employees achieve brighter retirement outcomes.”

— Darren Zino, Head of Retirement Distribution, Transamerica

“We chose Transamerica for its leadership in pooled plan solutions and its ability to deliver the scale, technology and service model our clients expect. The Advo(k)ate Nexus PEP offers employers a streamlined way to provide a competitive retirement benefit, backed by a provider recognized for excellence in the pooled employer plan market.”

— Renn Williams, Partner, Advo(k)ate Advisors

Who Is the Nexus PEP Right For?

The Advo(k)ate Nexus PEP is designed for employers of all sizes who want to:

  • Offer a competitive 401(k) plan without managing the day-to-day complexity
  • Reduce their fiduciary exposure and administrative workload
  • Access institutional-quality investments and participant tools
  • Benefit from economies of scale pricing typically reserved for larger plans

Whether you’re a business owner evaluating retirement plan options or a financial advisor looking for a better solution for your clients, the Nexus PEP is worth a closer look.

Learn More

To learn more about the Advo(k)ate Nexus Pooled Employer Plan, call us at (659) 238-0010 or visit www.advokateadvisors.com. Our team is ready to walk you through how the Nexus PEP can work for your business or your clients.

Disclosures: Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 6801 Cahaba Valley Road, Suite 206, Birmingham, AL 35242. (659) 238-0010.

Administrative Group, LLC dba Transamerica Fiduciary Services is the Pooled Plan Provider (“PPP”), a named plan fiduciary and is a wholly owned subsidiary of Transamerica. Transamerica Retirement Solutions, LLC (TRS) is the recordkeeper and may act as a plan fiduciary with respect to certain administrative services, to the extent it exercises independent discretion, and only for the proper execution of the specific and agreed-upon administrative procedures for the services. Transamerica Trust Company (TTC) is affiliated with TRS. TTC is an Iowa trust company with its principal office located at 6400 C Street SW, Cedar Rapids, IA 52499. Transamerica Investors Securities, LLC (TIS), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. Investment advisory services (including Managed Advice®) are offered through Transamerica Retirement Advisors, LLC (TRA), registered investment advisor. All Transamerica companies identified are affiliated.

Pooled employer plans (PEPs) are a newer type of multiple employer plan for which Department of Labor (DOL) and IRS guidance is still pending in a number of areas. An employer participating in a PEP retains certain fiduciary responsibilities, including responsibility for retaining and monitoring the Pooled Plan Provider (PPP) and any named fiduciary, for determining the reasonableness of its plan fees, and for periodically reviewing the plan as a whole. Nothing in this communication should be construed as the commencement of operations by a PPP prior to registration as a PPP. Among other responsibilities, the PPP acts as the ERISA 3(16) Plan Administrator.