Transamerica and Congruent Solutions to Modernize the Payroll Experience for Retirement Plan Sponsors and Participants

Strategic technology collaboration will streamline payroll administration, strengthen data accuracy and support better retirement outcomes

BALTIMORE, Nov. 12, 2026 /PRNewswire/ -- Transamerica today announced a strategic collaboration with Congruent Solutions, a leading retirement plan technology, products and services provider, to transform retirement plan payroll administration with a modern, cloud-based platform to create a more seamless experience for plan sponsors and participants.

Transamerica's planned implementation of Congruent's CORE Payroll platform will create a more efficient, scalable and client-focused payroll administration process. The initiative will allow plan sponsors to spend less time on administrative tasks and more time helping employees reach their retirement goals. Participants will benefit from accurate and timely processing of retirement contributions, allowing retirement dollars to be invested promptly, helping support long-term financial well-being.

"At Transamerica, we're committed to investing in the capabilities and relationships that help plan sponsors operate more efficiently and care for their employees, while supporting our long-term growth strategy in the retirement marketplace," said Luke Stroh, Chief Operating Officer for Protection Solutions and Savings & Investments at Transamerica. "Our collaboration with Congruent Solutions represents an important step toward modernizing a key retirement administration process, creating a more seamless experience for plan sponsors and supporting better retirement outcomes for employees."

Payroll administration plays a critical role in the retirement ecosystem, connecting employers, employees and retirement plans. Payroll data errors and delays can create compliance and reporting risks, lead to costly administrative challenges and affect the timely processing of participant contributions.

Through its collaboration with Congruent Solutions, Transamerica is implementing the CORE Payroll platform to streamline payroll file management, strengthen data validation capabilities and create a scalable foundation that can adapt as business, customer and regulatory needs evolve.

"Transamerica shares our vision for modernizing retirement plan administration through technology that can better serve plan sponsors and participants," said Mahesh Natarajan, Chief Revenue Officer at Congruent Solutions. "This collaboration brings together complementary expertise to build a connected, adaptable payroll foundation that improves accuracy, expedites contribution processing and scales with Transamerica's growth."

About Transamerica
Transamerica believes everyone deserves the opportunity to live their best life. It's what inspires us to be a champion for helping everyday Americans thrive. As a leading provider of life insurance, retirement, and investment solutions for more than 10 million Americans, we help people make the most of what's important to them.

Supporting our customers' financial futures with innovative products and services has been our mission for more than 120 years. In 2025, Transamerica fulfilled its promises to customers, paying more than $52.6 billion in insurance, retirement, and annuity claims and benefits, including return of customer-paid annuity premiums.

Transamerica is part of the Aegon group of companies. Aegon is an international financial services holding company.

For more information, visit www.transamerica.com.

About Congruent
Congruent Solutions is the technology platform of choice for the retirement industry. With over 2 decades in the industry, Congruent's capabilities span the breadth and depth of Products, Services and Solutions that focus on delivering superior efficiency, effectiveness and experience across the retirement plan lifecycle. Congruent empowers leading Fortune 500 plan providers, carriers, and third-party administrators to solve complex business challenges, be responsive to dynamic compliance requirements and execute on better AI trust and governance.

For more information, visit www.congruentsolutions.com

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SOURCE Transamerica