# Transamerica Pension Plan

Transamerica Pension Plan is a Pension Fund based in Cedar Rapids, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cedar Rapids, United States
- **Region:** North America
- **Address:** Cedar Rapids, Maryland, United States
- **Founded:** 1928
- **Assets under management:** Undisclosed
- **Website:** transamerica.com
- **LinkedIn:** https://www.linkedin.com/company/transamerica

## Regulatory record

- **Reports private funds:** No

## About

The Transamerica Pension Plan is the defined-benefit vehicle for Transamerica Corporation, the wholly owned US subsidiary of Netherlands-based Aegon Ltd. Founded in 1928 as a holding company for life insurance and investment firms, Transamerica now sponsors one of the quieter institutional pools in the Midwest. The plan's sponsor provides 401(k), 403(b), and Taft-Hartley retirement services to employers and individuals, and the pension sits alongside the corporation's operating balance sheet as a separate fiduciary entity. The plan allocates across a deliberately broad mix: venture capital, commercial mortgage loans, CMBS portfolios, natural resources, and derivative instruments. In private markets, the pension has co-invested alongside Blackstone and KKR, two of the largest general partners in institutional alternatives. Its real-estate footprint includes mixed-use commercial mortgage exposure across the United States, and the firm historically held the Transamerica Pyramid in San Francisco before its sale. Governance sits with Transamerica Corporation as plan sponsor, with ultimate ownership under Aegon Ltd., a publicly traded Dutch financial-services group. The plan's assets are separate from the corporate treasury, though reporting lines and investment-committee composition are not disclosed. Beyond the pension, Transamerica maintains the Aegon Transamerica Foundation and the Transamerica Institute, which channels philanthropic capital independently from the retirement pool. The pension's structural differentiator is its sponsorship by an insurance conglomerate: unlike stand-alone public pensions, this plan operates inside a regulated insurance holding company that simultaneously originates commercial mortgages and manages life-insurance liabilities. That posture gives the pension potential internal sourcing advantages in private credit and real estate debt that peers cannot replicate. The Dutch parentage through Aegon also links the plan to European insurance-capital norms, creating a hybrid US-Dutch governance frame that separates it from typical domestic corporate pensions.

## Sectors

- Venture Capital
- Real Estate
- Private Credit
- Energy Transition & Renewables
- Hedge Funds
- Infrastructure
- Secondaries & Special Situations

## People

- Will Fuller — President and CEO, Transamerica Corporation
- Aegon Ltd. — Plan Sponsor

## Questions

### Is the pension managed separately from Transamerica's insurance assets?

Yes. The plan is a defined-benefit entity with assets segregated from Transamerica Corporation's general account. While the sponsor is a regulated insurance holding company that originates mortgages and manages policyholder capital, the pension's fiduciary assets are ring-fenced. The plan's reporting lines and investment-committee structure are not publicly detailed.

### How is the Transamerica Pension Plan related to the Aegon Transamerica Foundation?

The Aegon Transamerica Foundation and the Transamerica Institute are separate philanthropic entities funded by the corporation, not the pension. Their endowments and grantmaking are independent of the defined-benefit pool, which remains strictly a fiduciary vehicle for plan participants under ERISA.

### What is the broader ownership structure of the plan sponsor?

Transamerica Corporation is a wholly owned subsidiary of Aegon Ltd., a publicly traded financial-services group headquartered in the Netherlands. The pension itself is a US-based defined-benefit plan whose obligations are backed by Transamerica Corporation, creating a chain of ownership that runs from Dutch public shareholders through to the Cedar Rapids fiduciary entity.

## Related profiles

- [Transamerica](https://altss.com/profile/transamerica)
- [Transamerica](https://altss.com/profile/transamerica-retirement-advisors)

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Last updated: 2026-08-11T02:43:31.692Z

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