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October 14, 2002 01:00 AM

[I] Profiles of the largest defined contribution providers

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    ICMA Retirement Corp.

    777 N. Capitol St. N.E., Washington, DC 20002; phone: (202) 962-4600; fax: (202) 962-4601; www.icmarc.org

    RECORD KEEPING

    Total DC assets record kept ($ mil) 15,141

    For plans with:

    Fewer than 100 employees 2,680

    100-499 employees 4,626

    500-999 employees 1,581

    1,000-4,999 employees 3,195

    5,000-9,999 employees 191

    10,000-24,999 employees 1,998

    More than 25,000 employees 870

    No. of DC record-keeping clients:

    Other 401(k) 36

    457 4,526

    Other DC 1,708

    % of assets under record keeping in:

    Proprietary investments 87%

    Outside investments 13%

    SERVICES PROVIDED:

    1099s

    State/federal tax withholding

    Prototype plan document

    Ongoing plan compliance

    Standardized education print materials

    Customized education print materials

    Standardized communications

    Customized communications

    Fund information

    Investment performance

    Finance/retirement planning materials

    Investment advice

    Employee meetings

    Employee one-on-one meetings

    Foreign-language materials

    SERVICES VIA VOICE-RESPONSE/

    OPERATOR/INTERNET

    Enrollment - v-o-i

    Contribution rate change - v-o-i

    Investment election change - v-o-i

    Transfer request - v-o-i

    QDROs form request - o

    Address change - v-o-i

    Questions on employee statement - o-i

    Questions on distributions - o-i

    Investment information - v-o-i

    Prospectus/statement requests - v-o-i

    Daily valuation - v-o-i

    INVESTMENT MANAGEMENT:

    Assets under management ($ millions):

    Total DC assets managed 7,165

    Internally managed DC assets 3,593

    In-house investment management services are provided through:

    Mutual funds

    Commingled funds

    Stable value/GIC

    Certificates of deposit

    STAFFING:

    Record-keeping operations 208

    Compliance/testing/plan design 15

    Information technology 89

    Investment analysis/due diligence 16

    Dedicated conversion/installation 14

    Relationship managers 10

    Enrollment specialists 80

    Education/communication consultants 11

    ICMA Retirement Corp. offers 23 fund families through its fund alliance structure, representing 179 funds.

    Client contact: Keith Sendall.

    ING US Financial Services

    151 Farmington Ave., Hartford, CT 06156; phone: (888) 238-6243; fax: (860) 273-3940; www.ingretirementplans.com

    RECORD KEEPING

    Total DC assets record kept ($ mil) 49,200

    For plans with:

    Fewer than 100 employees 11,300

    100-499 employees 9,000

    500-999 employees 5,500

    1,000-4,999 employees 7,100

    5,000-9,999 employees 3,500

    10,000-24,999 employees 5,700

    More than 25,000 employees 7,100

    No. of DC record-keeping clients:

    Corporate 401(k) 15,763

    457 3,925

    403(b) 14,418

    % of assets under record keeping in:

    Proprietary investments 64%

    Outside investments 36%

    SERVICES PROVIDED:

    Discrimination testing

    Form 5500

    1099s

    State/federal tax withholding

    Prototype plan document

    Plan design

    Customized plan documents

    Summary plan descriptions

    404(c) compliance

    Ongoing plan compliance

    Investment policy preparation

    Standardized education print materials

    Customized education print materials

    Standardized communications

    Customized communications

    Fund information

    Investment performance

    Finance/retirement planning materials

    Investment advice

    Employee meetings

    Employee one-on-one meetings

    Foreign-language materials

    SERVICES VIA VOICE-RESPONSE/

    OPERATOR/INTERNET

    Enrollment - v-o-i

    Contribution rate change - v-o-i

    Investment election change - v-o-i

    Transfer request - v-o-i

    Loan request/note preparation - v-o-i

    Rollovers - v-o-i

    QDROs form request - v-o-i

    Distribution - v-o-i

    Hardship withdrawal - v-o-i

    Address change - v-o-i

    Questions on employee statement - v-o-i

    Questions on distributions - v-o-i

    Investment information - v-o-i

    Prospectus/statement requests - v-o-i

    Daily valuation - v-o-i

    INVESTMENT MANAGEMENT:

    Assets under management ($ millions):

    Total DC assets managed 60,000

    Internally managed DC assets 34,000

    In-house investment management services are provided through:

    Mutual funds

    Separate accounts

    Stable value/GIC

    Other

    ING US Financial Services offers 36 fund families through its fund alliance structure, representing 210 funds.

    The parent company is ING Group NV.

    Client contact: Robert Leghorn.

    INVESCO Retirement Inc.

    1201 Peachtree St. N.E., 400 Colony Square, Suite 2200, Atlanta, GA 30361; phone: (800) 538-6370; fax: (404) 879-7998;

    www.invescoretirement.com

    RECORD KEEPING

    Total DC assets record kept ($ mil) 20,100

    For plans with:

    Fewer than 100 employees 1,396

    100-499 employees 2,990

    500-999 employees 1,595

    1,000-4,999 employees 5,184

    5,000-9,999 employees 2,193

    10,000-24,999 employees 1,513

    More than 25,000 employees 5,229

    No. of DC record-keeping clients:

    Corporate 401(k) 1,125

    Other 401(k) 50

    Taft-Hartley 21

    457 2

    403(b) 9

    Other DC 250

    % of assets under record keeping in:

    Proprietary investments 39%

    Outside investments 40%

    Self-directed brokerage/funds window 1%

    Company stock 16%

    Other 4%

    SERVICES PROVIDED:

    Discrimination testing

    Form 5500

    1099s

    State/federal tax withholding

    Prototype plan document

    Plan design

    Customized plan documents

    Summary plan descriptions

    404(c) compliance

    Ongoing plan compliance

    Investment policy preparation

    Standardized education print materials

    Customized education print materials

    Standardized communications

    Customized communications

    Fund information

    Investment performance

    Finance/retirement planning materials

    Investment advice

    Employee meetings

    Employee one-on-one meetings

    Foreign-language materials

    SERVICES VIA VOICE-RESPONSE/

    OPERATOR/INTERNET

    Enrollment - v-o-i

    Contribution rate change - v-o-i

    Investment election change - v-o-i

    Transfer request - v-o-i

    Loan request/note preparation - v-o-i

    Rollovers - o

    QDROs form request - o

    Distribution - o

    Hardship withdrawal - o

    Questions on employee statement - v-o-i

    Questions on distributions - o-i

    Investment information - v-o-i

    Prospectus/statement requests - v-o-i

    Daily valuation - v-o-i

    INVESTMENT MANAGEMENT:

    Assets under management ($ millions):

    Total DC assets managed 51,943

    Internally managed DC assets 50,950

    In-house investment management services are provided through:

    Mutual funds

    Separate accounts

    Commingled funds

    Stable value/GIC

    STAFFING:

    Record-keeping operations 293

    Compliance/testing/plan design 27

    Information technology 62

    Investment analysis/due diligence 5

    Dedicated conversion/installation 22

    Relationship managers 31

    Enrollment specialists 6

    Education/communication consultants 6

    INVESCO Retirement Inc. offers 65 fund families through its fund alliance structure, representing 458 funds.

    The parent company is AMVESCAP PLC.

    Client contact: Ben Utt.

    Invesmart Inc.

    Penn Center West Six, Suite 211, Pittsburgh, PA 15276; phone: (412) 249-3200; fax: (412) 249-3242; www.invesmart.com

    RECORD KEEPING

    Total DC assets record kept ($ mil) 11,025

    For plans with:

    Fewer than 100 employees 4,002

    100-499 employees 966

    500-999 employees 3,052

    1,000-4,999 employees 964

    5,000-9,999 employees 1,258

    10,000-24,999 employees 783

    No. of DC record-keeping clients:

    Corporate 401(k) 4,443

    Other 401(k) 99

    Taft-Hartley 16

    403(b) 21

    Other DC 2,754

    % of assets under record keeping in:

    Outside investments 79%

    Self-directed brokerage/funds window 11%

    Company stock 10%

    SERVICES PROVIDED:

    Discrimination testing

    Form 5500

    1099s

    State/federal tax withholding

    Prototype plan document

    Plan design

    Customized plan documents

    Summary plan descriptions

    404(c) compliance

    Ongoing plan compliance

    Investment policy preparation

    Standardized education print materials

    Customized education print materials

    Standardized communications

    Customized communications

    Fund information

    Investment performance

    Finance/retirement planning materials

    Investment advice

    Employee meetings

    Employee one-on-one meetings

    Foreign-language materials

    SERVICES VIA VOICE-RESPONSE/

    OPERATOR/INTERNET

    Enrollment - v-i

    Contribution rate change - v-o-i

    Investment election change - v-o-i

    Transfer request - v-o-i

    Loan request/note preparation - v-o-i

    Rollovers - v-o-i

    QDROs form request - o-i

    Distribution - v-o-i

    Hardship withdrawal - v-o-i

    Address change - v-o-i

    Questions on employee statement - o

    Questions on distributions - o

    Investment information - v-o-i

    Prospectus/statement requests - v-o-i

    Daily valuation - v-o-i

    STAFFING:

    Record-keeping operations 142

    Compliance/testing/plan design 56

    Information technology 31

    Investment analysis/due diligence 76

    Dedicated conversion/installation 43

    Relationship managers 123

    Enrollment specialists 44

    Education/communication consultants 19

    Client contact: Charley Kennedy.

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    • ETFs
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      • The Institutional Investor’s Guide to ESG Investing
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      • ESG Rated ETFs
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      • DC Money Manager Rankings
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      • Innovations in DC
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      • Latest Searches & Hires News
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      • View All Conferences
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      • 2022 Innovation Investing Conference
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