LOS ANGELES--(BUSINESS WIRE)--

Transamerica Retirement Services and its client, NGP Management LLC/Dunkin Donuts, were recently honored at the Plan Sponsor Council of America (PSCA) Signature Awards, earning both gold and bronze awards in the Train the Trainer and Increasing Plan Participation and Savings Rates categories, respectively.

The annual PSCA Signature Awards recognize excellence in plan sponsor and participant communication and education. These honors come after NCP Managements retirement plan successfully increased employees' enrollment in the plan by 143 percent from the previous year.

NGP operates more than 120 Dunkin Donuts coffee and baked goods restaurants in New England. The majority of employees (82 percent) work in local restaurants, and do not have access to many of the 401(k) communications sent from corporate headquarters.

The primary goal of the companys campaign was to increase participation in their 401(k) plan. Since established education methods were not working well, the store managers were charged with becoming the 401(k) plan promoters to their employees.

Together with Transamerica, Train the Trainer meetings were conducted in person with the NGP Management human resources department. In conjunction with the training, each store manager was given a package that included a list of eligible employees in their respective stores along with flyers and email templates, giving them all the tools to successfully meet with eligible employees to discuss the importance of retirement planning and encourage enrollment.

Train the Trainer programs help influencers within any organization talk to employees about participation. Transamerica Retirement Services played a key role to help NGP Management increase their enrollment with the support of education consultants. The education consultants presented an overview of the plan, the importance of retirement planning, and offered guidance on how to consult with employees and address their questions.

Financial literacy is a critical piece of the puzzle as we work to prepare more Americans for retirement, said Stig Nybo, president of pension sales and distribution for Transamerica Retirement Solutions. We were thrilled to work with and support the efforts of NGP Management, who have had a clear and direct impact on the retirement readiness of their employees in New England.

The awards were presented at the PSCA National Conference in New Orleans on Sept. 12.

About Plan Sponsor Council of America

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Transamerica Retirement Services and NGP Management Help New England Workers Forge a Path to Retirement Readiness