New Healthcare Retirement Partnership Formed

November 11, 2002 ( - GE Asset Management and Diversified Investment Advisors have formed an alliance to offer retirement plan services to healthcare organizations.

The new alliance has created GE Healthcare Retirement Advantage, which will assist healthcare organizations with plan administration and offer solutions to problems they face, such as multi-plan situations and lower participation rates.  

Healthcare organization currently have participations rates 40% lower than the average corporate plan, according to a Spectrem Group survey of 403(b) plans.