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April 01, 1996 12:00 AM

SPECIAL REPORT: DEFINED CONTRIBUTION

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    Reprints Print

    Loan request/processing

    Performance data

    Fund information

    Retirement planning assistance

    Client service rep available

    Investment guidance

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Investment management services are provided through:

    *Private label mutual funds

    *Commingled funds

    *Separate accounts

    *GICs

    *Variable annuities

    Diversified Investment Advisors provides services to 3,430 sponsors: 3,305 for bundled services (including investment management) and 125 for investment management only.

    The firm's funds are managed through external investment advisers. It has investment management partnerships with Capital Management; Merganser; Delaware Investment Advisors; Institutional Capital; Bankers Trust; Putnam; Capital Guardian; Jundt Associates; Ark; Liberty; Pilgrim, Baxter; Westport Asset; and Diversified Investment Advisors.

    Chris Cumming is client contact.

    Dreyfus Retirement Services

    200 Park Ave., 10th floor, New York, N.Y. 10166; phone: (212) 922-6110; fax: (212) 922-6317

    No. of participants

    Total500,000

    SERVICES PROVIDED:

    Plan design

    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

    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: $16 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    Dreyfus Retirement Services provides services to 1,700 sponsors: 114 for bundled services (including in-house investment management), 155 for record-keeping and administration only; and 1,431 for investment management only.

    It has investment management partnerships with Crabbe Huson; Heartland; Neuberger & Berman; Templeton; and Warburg Pincus. It has record-keeping partnerships with Hewitt; Wyatt; and Buck. It offers financial planning in partnership with Ayco.

    It offers fund information through public online systems.

    Robert W. Stone is client contact.

    Fidelity Investments

    82 Devonshire St., Boston, Mass. 02109; phone: (508) 787-8090; fax: (508) 481-5184

    No. of participants

    Total4,060,000

    Bundled (inc. in-house asset mgmt.)4,000,000

    Record keeping/administration only60,000

    Participants served exclusively4,060,000

    Bundled services4,000,000

    Record-keeping/administration only60,000

    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

    401(k) enrollment

    Loan modeling

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $117 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    *403(b) fixed annuity

    External investment management services are provided through:

    Mutual funds

    403(b) fixed annuity

    Fidelity Investments provides services to 17,319 sponsors: 14,000 for bundled services (including in-house investment management); one for record-keeping and administration only; and 3,318 for investment management only.

    It has partnerships with Founders; Templeton; INVESCO; Janus; Warburg Pincus; Neuberger & Berman; PIMCO; Strong; and USAA in investment management; and The Principal Group and MetLife in 403(b) fixed annuity products.

    Information available through public online systems is historical performance and NAVs, performance charts, prospectus downloads, mutual fund profiles, retirement planning and education tools, FAQs (frequently asked questions) about 401(k)s, investing reference information; and financial markets overview.

    Its secure private network offers 401(k) account balances, plan option info, fund performances, account history, exchanges, contribution updates and plan literature.

    Peter Smail is 401(k) client contact. Steve Keating is 403(b) client contact at (800) 841-3363; John Ring is 457 client contact at (508) 787-9358.

    Fifth Third Bank

    38 Fountain Square Plaza, Cincinnati, Ohio 45263; phone: (513) 579-6035; fax: (513) 579-5461

    No. of participants

    Total193,700

    Bundled (inc. in-house asset mgmt.)17,500

    Bundled (exc. in-house asset mgmt.)55,000

    Record keeping/administration only1,200

    Investment mgmt. only120,000

    Participants served exclusively138,700

    Bundled services17,500

    Record-keeping/administration only1,200

    Investment mgmt. only120,000

    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

    INVESTMENT MANAGEMENT SERVICES

    Daily valuation

    Total defined contribution assets: $475 million

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

    *GICs

    Fifth Third Bank provides services to 698 sponsors: 350 for bundled services (including in-house investment management); 300 for bundled services except in-house investment management; 12 for record-keeping and administration only; and 36 for investment management only.

    Sandra Lobert is client contact.

    First Interstate Bank

    707 Wilshire Blvd., W10-5, Los Angeles, Calif. 90017; phone: (213) 614-4024; fax: (213) 614-2294

    No. of participants

    Total275,000

    Bundled (inc. in-house asset mgmt.)40,000

    Record keeping/administration only235,000

    Participants served exclusively275,000

    Bundled services235,000

    Record-keeping/administration only275,000

    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: $42 billion

    In-house investment management services are provided through:

    *Internally managed mutual funds

    *Internally managed commingled funds

    *Internally managed separate accounts

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      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
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    • Searches & Hires
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    • Performance Data
      • P&I Research Center
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