HARRISON, N.Y., Jan. 21, 2014 /PRNewswire/ -- Transamerica Retirement Solutions has been selected by North Shore-LIJ Health System as the new administrative provider for its employee retirement plans. The plans have more than $3 billion in assets and more than 48,000 participants. North Shore-LIJ is the largest private employer in New York State.
As one of the nation's largest health care systems, North Shore-LIJ delivers world-class clinical care throughout the New York metropolitan area with its 16 hospitals, 400 outpatient practices, and pioneering the future of medicine through its world-renowned Medical Research Institute and new medical school, the Hofstra North Shore-LIJ School of Medicine.
"Transamerica's excellent track record and relationship with some of our hospitals was a deciding factor when selecting a single new retirement plan provider," said Gregg Nevola, vice president for total rewards at North Shore-LIJ. "From a technology standpoint, Transamerica clearly has the ability and flexibility to develop the right solution for our complex needs. We also feel there is a great cultural fit between our organization and Transamerica," added Nevola.
"Transamerica is pleased to welcome North Shore-LIJ as a new client, and we are excited to help their thousands of employees save and invest wisely to reach their retirement dreams. Transamerica understands the unique challenges healthcare providers face as retirement plan sponsors, and we provide custom solutions they require to offer an effective retirement plan," said Jason Crane, senior vice president and national sales director for Transamerica Retirement Solutions.
Transamerica is a leader in providing retirement plan solutions for health care organizations. For more information, contact your retirement plan advisor, or call Transamerica at 888-401-5826, Monday – Friday 9:00 a.m. – 7:00 p.m. EST.
About Transamerica Retirement Solutions
Transamerica Retirement Solutions (Transamerica) is a leading provider of customized retirement plan solutions for small to large organizations.
Transamerica partners with financial advisors, third party administrators, and consultants to cover the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; profit sharing; money purchase; cash balance; Taft-Hartley; multiple employer plans; nonqualified deferred compensation; and rollover and Roth IRAs.
Transamerica helps more than three million retirement plan participants save and invest wisely to secure their retirement dreams. For more information about Transamerica Retirement Solutions Corporation, please visit trsretire.com.
SOURCE Transamerica Retirement Solutions