43 reviews of Transamerica Retirement Services "Transmerica is by far the worst retirement management company ever. Upper managers from Cedar Rapids seem out of touch and poorly manage the processing and operations ; things are overlooked or fall thru the cracks and screw ups are common. Our community is ready to answer. Great customers and ability to truly assist them with their needs, good pay and benefits, easy work stats and enjoyable work, Management bias and hostility, inability to provide any type of constructive criticism upward, work avoidance. Hours vary during the month. How do you feel about going to work each day at Transamerica Retirement Solutions? training and final tests, babysitting call center staff, sales referrals required. Most Americans simply do not save enough for retirement. 2.0. The primary plan contact will receive an email from Transamerica with filing instruction once the form 5500 is complete. All transactions can be completed online, which is something many people can appreciate. What is the most stressful part about working at Transamerica Retirement Solutions? While Transamerica is a large corporation they are not an employee first type of business that has been in many labor disputes over the years. Transamerica offers retirement solutions, such as individual retirement accounts (IRAs), mutual funds, employee benefits, and group and individual life insurance policies. Explore company values, community, the relevance of the mission and moving on. Welcome to Transamerica Retirement Solutions and your online resource for details about your retirement plan. TransAmerica makes setting up a retirement plan relatively easy. Lots of flexibility to choose your schedule. I enjoyed working there. Transamerica was founded in San Francisco by Amadeo Giannini, but didn’t start using the brand name Transamerica until the 1950s. Annuities are NOT guaranteed. Coverage for its … Hectic with job responsibilities at times. Account Specialist-Plan Admin Service Support, Cedar Rapids, Iowa - Retirement Project Associate, People at the company are good to work with although the company attention to the jobs we do needs improvement, Decent company to work for. I would recommend this job to Someone who likes helping others. Changes in high level executives have shifted the focus of the organization and some changes do not make for a trusting environment. There is lack of team players, and low moral, On site management is a good resource for questions. Therefore if the issuer goes bankrupt, you are at risk of losing everything! The Administrative Guide will steer you through the complexities of ERISA (Employee Retirement Income Security Act) and assist you in performing the many important activities of a Plan Sponsor. How many sick days do you get per year? The latest complaint 401k was resolved on Jul 22, 2009. Training is powerpoint slides sent to you and trainer reads them to you all day.....boring; then there are tests to pass along training required to pass & final one which is 2 mock calls....These testing questions are subjective & have wrong account numbers and wrong info, so constant issues with training staff not checking this will work in advance, so this is frustrating. Transamerica Retirement Advisors, LLC (TRA) is a subsidiary of Transamerica Retirement Solutions, LLC, which serves retirement plans. Transamerica History. They will terminate you with no reason given. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. Enter your organization’s name to find an RPC in your area. However management seemed not to solicit advise from employees working with the clients. I’m a customer care rep and though the pay is good, it’s an extremely stressful job taking calls back to back all day. How often do raises occur at Transamerica Retirement Solutions? Stressful, Competitive Environment, Inconsistent Metrics. Investment advisory services are offered through Transamerica Retirement Advisors, LLC (TRA), registered investment advisor. Welcome to Your Retirement Plan Website. I highly recommend people transfer their 401K's from this company. Transamerica main goal was to offer the best 401k products and education possible to their clients and they should be applauded for their efforts. Supervisors that get escalated issues ignore or do minimal assist to help get resolved, so you are basically on your own. Download Transamerica Retirement App and enjoy it on your iPhone, iPad, and iPod touch. Thankless job , high stress, never ending . Cedar Rapids management are the main reason why the entire call center and processing and other operations are so poorly managed. Do these reviews help you learn more about. You'll find instructions on processing contributions, distributions, loans, Qualified Domestic Relations Orders (QDROs) and much more. New manager trying to make his mark wanted us to live and work out of one their offices which we would have never seen because of the constant traveling to client locations. They are only backed by the ability of the issuing insurance company’s ability to pay. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Transamerica was a good and progressive company to work. I sit alone and nobody really assocates with you when your newer to the *team. Read reviews, compare customer ratings, see screenshots, and learn more about Transamerica Retirement App. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. We need better, more experienced people at the top. Even if you are doing your best and the customers that call in are happy they never give you positive re-enforcement when you do well. We are required to work a lot of mandatory overtime. Transamerica is a wonderful place to work with a positive culture and excellent management. How many vacation days do you…. What is Transamerica Retirement Solutions sick leave policy? Questions about Transamerica Retirement Solutions. Pros. " Learning new things and try out few things which i learned during day. They didn't handle the hurricane situation down in Florida the way it should have and they cared more about the company than the employees. The distribution team is always busy on a daily basis. I enjoyed my time as a retirement consultant. Only downfall is you have to be in the call center for a year before you're able to transfer to another department. On average, how many hours do you work a day at Transamerica Retirement Solutions? Transamerica ® Retirement Solutions is expertly focused on providing retirement plans of all types to organizations of all sizes. Fulfilling - helping people plan for retirement. Other teams not so much. What is the vacation policy like at Transamerica Retirement Solutions? It was a great job while it lasted. Viewing 11 - 20 of 1,267 English Reviews. Able to learn many skills to continue career growth in the financial industry. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. There are many mistakes you’ll be blamed for that you have no control over. They offer several different learning courses to help assist in your growth with the company. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. Its website is easy to use and provides added convenience by offering tools which essentially do all the heavy lifting. Transamerica Retirement Solutions reviews first appeared on Complaints Board on Jul 22, 2009. My supervisors were friendly, and approachable. Management team did not provide much training but did not micro managed. Transamerica sells term and permanent life insurance, including whole and universal policies. At that point you'll likely be riding high when you transfer to the floor to your official team lead. We want to help you find great companies. How are the working hours at Transamerica Retirement Solutions? Had support of managers. Flexible schedule. Questions about Transamerica Retirement Solutions. The latest review Pension not being received was posted on Sep 18, 2020. a typical 8 hour shift in a cubicle taking phone calls about retirement plans sounds about as exciting as it is. Ask a question about working or interviewing at Transamerica Retirement Solutions. What tips or advice would you give to someone interviewing at Transamerica Retirement Solutions? Some months there is no time off permitted due to high volume of calls. Search for other Insurance in Ottumwa on The Real Yellow Pages®. Every work experience is unique. However management seemed not to solicit advise from employees working with the clients. We’ve been back to back with calls for the past year. I'm volunteering here for thanksgiving were we make meals for meals on wheels and older people that have no one to share there time with. The RPF 1 and 2 are required which was very helpful in learning more about 401K plans. Great staff and surrounded by good people. The management at the office is fair and do their jobs well. you get 10hrs PT every month. Transamerica main goal was to offer the best 401k products and education possible to their clients and they should be applauded for their efforts. 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