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April 01, 1996 12:00 AM

SPECIAL REPORT: DEFINED CONTRIBUTION

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    Reprints Print

    No. of participants

    Total400,000

    Bundled (inc. in-house asset mgmt.)400,000

    Participants served exclusively400,000

    Bundled services400,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $35.1 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds,

    *Internally managed separate accounts

    *GICs

    External investment management services are provided through:

    Private label mutual funds

    Commingled funds

    Separate accounts

    BZW Barclays Global Investors - MasterWorks Group provides services to 302 sponsors: 180 for bundled services (including in-house investment management); and 122 for investment management only.

    It has partnerships with AIM; Wells Fargo; Franklin/Templeton; and Neuberger & Berman in investment management.

    It offers account balances, portfolio returns and account history through public online systems and a secure private network.

    Alan J. Kizor is client contact.

    The Capital Group Cos.

    4 Embarcadero Center, Suite 1800, San Francisco, Calif. 94111-4125; phone: (415) 393-7104; fax: (415) 393-7115

    No. of participants

    Total158,935

    Bundled (inc. in-house asset mgmt.)158,935

    SERVICES PROVIDED:

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $21.31 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    The Capital Group Cos. provide services to 1,657 sponsors, all bundled services (including in-house investment management) clients.

    It has record-keeping partnerships with BISYS Plan Services; Buck; Hewitt; Kwasha Lipton; and Wyatt.

    Jeffrey Paster is client contact.

    Chase Manhattan Bank

    4 Chase MetroTech Center, 18th floor, Brooklyn, N.Y. 11245; phone: (718) 242-9151; fax: (718) 242-8896

    No. of participants

    Total460,000

    Bundled (inc. in-house asset mgmt.)450,000

    Investment mgmt. only10,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $17.75 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    External investment management services are provided through:

    GICs

    Third-party mutual funds

    Chase Manhattan Bank provides services to 245 sponsors: 170 for bundled services (including in-house investment management) and 75 for investment management only.

    It has investment management partnerships with AIM; American Funds; Federated; Fidelity Advisors; Franklin/Templeton; INVESCO; Janus; Lexington Funds; Merrill Lynch Mutual Funds; MFS; Neuberger & Berman; PIMCO; Putnam; Scudder, Stevens & Clark; Twentieth Century; VISTA; and Warburg Pincus. It has record-keeping and third-party administration partnerships with Godwins Booke & Dickenson.

    It offers remote access for clients through a PC-based secure private network.

    Charles Connell is client contact.

    CIGNA Retirement

    & Investment Services

    350 Church St., Hartford, Conn. 06103; phone: (800) 997-6633; fax: (860) 725-2052

    No. of participants

    Total1,000,000

    Bundled (inc. in-house asset mgmt.)1,000,000

    Participants served exclusively1,000,000

    Bundled services1,000,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    Operators

    Foreign language capability

    Changes to contribution allocations

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    Enrollments

    Retiree & termination

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $19.3 billion

    In-house investment management services are provided through:

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    *General account based funds

    External investment management services are provided through:

    Commingled funds

    GICs

    CIGNA Retirement and Investment Services provides services to 4,000 sponsors: 3,200 for bundled services (including in-house investment management) and 800 for investment management only.

    It has investment management partnerships with Fidelity; Putnam; AIM; Levin; Lazard Freres, INVESCO; Warburg Pincus; Twentieth Century; INTECH; and PRIMCO. It has partnerships with Chase Manhattan for custodial services; Price Waterhouse for plan audit services; and Zabit & Associates and TransImage for benefits education.

    It offers retirement planning calculations through public online systems; and plan level financial and plan specific information, participant level financial and other participant information through a secure private network.

    Douglas E. Klinger is client contact.

    Comerica Bank

    411 W. Lafayette, Detroit, Mich. 48226; phone: (313) 222-4638; fax: (313) 222-6641

    No. of participants

    Total350,000

    Participants served exclusively300,000

    SERVICES PROVIDED:

    Plan design

    Employee meetings

    Generic employee investment education

    Customized employee investment education

    Generic employee communications

    Customized employee communications

    Compliance and reporting

    Consulting services

    Toll-free, automated voice-response system

    TOLL-FREE NUMBER SERVICES

    Account balance

    Account transfers

    24-hour access

    Operators

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