*GICs
*Lifepath
External investment management services are provided through:
Private label mutual funds
Commingled funds
Separate accounts
GICs
First Interstate Bank provides services to 935 sponsors: 235 for bundled services (including in-house investment management) and 700 for record-keeping and administration only.
It has administration partnerships with Howard Johnson, Hewitt and Watson Wyatt. It has a participant education and asset allocation partnership with Standard & Poor's.
It offers online access to information through a secure private network.
Donald Stone is client contact.
Firstar Corp.
777 E. Wisconsin Ave., Milwaukee, Wis. 53202; phone: (414) 765-4321; fax: (414) 765-5464
No. of participants
Total102,000
Bundled (inc. in-house asset mgmt.)102,000
Participants served exclusively102,000
Bundled services102,000
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
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: $6.3 billion
In-house investment management services are provided through:
Internally managed mutual funds
Internally managed commingled funds
Internally managed separate accounts
GICs
A system of outside funds
Firstar Corp. provides services to 1,682 sponsors: 1,580 for bundled services (including in-house investment management); 40 for record-keeping and administration only; and 62 for investment management only.
It offers online access to its trust system through a secure private network.
Joyce L. Traynor is client contact.
GE Investment Retirement
Services
3003 Summer St., Stamford, Conn. 06905; phone: (203) 326-2394; fax: (203) 326-4160
No. of participants
Total228,785
Bundled (inc. in-house asset mgmt.)223,785
Investment mgmt. only5,000
Participants served exclusively228,785
Bundled services223,785
Investment mgmt. only5,000
SERVICES PROVIDED:
Plan design
