You’ll need a Plex Pass membership to use hw-accelerated transcoding (which would be using the GPU). If you have a Plex Pass, the iGPU of your processor should also be able to handle this.
Do you mean you transcode Plex videos during playback. or something else?
Anyway, the iGPU in your server’s Intel CPU should be very good for anything Plex needs to do if you have Plex Pass, which unlocks hardware accelerated transcoding.