Professional Employer Resources Retirement Savings Plan
Partnering with you to provide a smarter, simpler way to offer 401(k) benefits
Join our professionally managed 401(k) Multiple Employer Plan (MEP) offered in partnership with Transamerica and skip the hassle of sponsoring your own plan.
A flexible, streamlined retirement plan that works for your business
By joining the Professional Employer Resources Retirement Savings Plan, you gain access to a professionally managed retirement solution that simplifies compliance, reduces costs, and enhances the value of your benefits package—without the administrative burden of running your own plan.
Administration made easier
When you join the Professional Employer Resources Retirement Savings Plan you may be able to offload the majority of tasks associated with running retirement plans.
Your role? Oversight of providers. We handle the rest.
Plan design & setup
Define plan structure and design
Prepare plan documents and amendments
Engage and monitor service providers
Investment oversight
Select and monitor plan investments
Conduct due diligence and manage changes
Eligibility & enrollment
Track and notify employee eligibility
Provide enrollment materials and onboard participants
Contributions & education
Invest contributions and track limits
Support catch-up contributions
Deliver ongoing education and optional planning tools
Participant support
Distribute required notices
Explain distribution options and tax implications
Offer Managed Advice®, a personalized, goals-based investment management solution
Withdrawals & loans
Review and process withdrawal and loan requests
Manage loan schedules and payroll deductions
Handle Qualified Domestic Relations Order (QDRO) approvals
Compliance & reporting
Prepare tax forms (945, 1096, 1099)
Conduct mid-year and year-end testing
Collect census data and file Form 5500
Support IRS and DOL audits
Monitor legislative and regulatory updates
Plan maintenance & transitions
Provide quarterly and annual plan reviews
Manage plans from mergers and acquisitions
Help your team build a better future
Transamerica’s digital tools, expert support, and personalized guidance make it easy for employees to take meaningful steps toward a stronger financial future. Our award-winning website, mobile app, OnTrack® tool, and dedicated care team drive real engagement and results.
The dedicated team
Plan Administrator
Professional Employer Resources
As the plan administrator of the Professional Employer Resources Retirement Savings Plan, they take on the primary fiduciary responsibility for the plan. They select and monitor all of the other plan providers, making sure that they are providing awesome services at a great price. Since they are your PEO, they will also calculate all deferral and employer contributions and remit all contributions to the custodian.
Investment Manager and Participant Advisor
The Baldwin Group
As the investment manager for the plan, The Baldwin Group monitors the plan investment menu, recommends investment changes, and provides plan regulatory services. They are also available for participant investment questions for employees of adopting employers.
Recordkeeper
Transamerica
Transamerica is an industry leading recordkeeper with nearly 25 years of experience with pooled arrangements. Their time-tested recordkeeping technology offers a proven infrastructure allowing for pooled arrangements, ensuring a plan will be administered successfully and accurately for the plan participant’s transition to retirement.
Learn more
Smarter 401(k) solutions
Discover how joining a MEP with Professional Employer Resources and Transamerica simplifies 401(k) administration, reduces fiduciary risk, and delivers a high-quality retirement benefit—backed by expert support and proven technology.
Plan highlights
This flyer provides a high-level summary of the key features and benefits of the Professional Employer Resources Retirement Savings Plan, including how the MEP structure simplifies administration, reduces costs, and supports participant success.
Simple transition
This timeline offers a quick look at the key steps and support involved in moving to the Professional Employer Resources Retirement Savings Plan—designed to make onboarding smooth and stress-free.
Additional resources to help you better understand the plan
Click here to access
Connect with us today!
Call 888-599-4991 or email us at benefits@perhumanresources.com.
We are ready to provide you with the retirement solution that fits your needs.