SunTrust Adds Fiduciary Service to 401(k) Platform

January 11, 2012 (PLANSPONSOR.com) - SunTrust Banks, Inc. added Discretionary Trustee Investment Management service to its institutional 401(k) platform.

This new service allows companies to designate SunTrust as the discretionary trustee to select, monitor and replace funds in a plan’s investment menu, using its proprietary SunTrust Investment Evaluation Process.    

Additional services include: 

  • Helping plan sponsors define their retirement plan goals; 
  • Developing  tailored investment solutions that align with the company’s  Investment Policy Statement and employee needs; 
  • Delivering a diversified investment menu with continuous monitoring; and 
  • Replacing funds when needed to make sure that the goals of the employer and the needs of the participants are met. 

“With the recent trend of service providers partnering with third parties to provide fiduciary investment management services, we decided to leverage our current expertise in investment management to bring a complete, bundled solution to our institutional 401(k) clients,” said Brenda A. Seliga, head of Employee Benefit Solutions for SunTrust.   

For more information, visit http://www.suntrust.com/retirementsolutions.

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