100 N. Main St., Winston-Salem, NC 27150; phone: (404) 332-6817; fax: (404) 332-1076
(No. of participants)
Total 470,469
Bundled (inc. in-house asset mgmt.) 41,371
Bundled (exc. in-house asset mgmt.) 307,000
Record keeping/administration only 122,098
Participants served exclusively 163,469
Bundled services 41,371
Record keeping/administration only 122,098
SERVICES PROVIDED
Plan design
Employee meetings
Generic employee investment education
Customized employee investment education
Generic employee communications
Customized employee communications
Compliance and reporting
INVESTMENT MANAGEMENT SERVICES
Daily valuation
Total defined contribution assets: $2.5 billion
In-house investment management services are provided through:
Internally managed mutual funds
Internally managed commingled funds
Internally managed separate accounts
Wachovia Corp. provides services to 368 sponsors: 98 for bundled services (including in-house investment management); 51 for bundled services except in-house investment management; and 219 for record keeping and administration only.
It has partnerships with Templeton, Janus, Fidelity, Neuberger & Berman, Strong, Putnam, Scudder, Federated Investors, Dodge & Cox, and Franklin in investment management; Kwasha Lipton Group and Hewitt Associates in record keeping; and developed best practices, some with electronic linkage with INVESCO, Wyatt, Mercer, Coopers & Lybrand, Towers Perrin, Howard Johnson, Foster Higgins, and Buck Consultants.
Henry E. Lane is client contact.
