Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products January 11, 2012
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.
Reported by Rebecca Moore
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.You Might Also Like:
Mutual Funds See First Net Inflows in More Than 2 Years
Despite net inflows to mutual funds in February, reversing the long-term trend of outflows is unlikely, according to analysts.
Minnesota Sponsor Sues Adviser for True-Up Plan Amendment
The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege...
Benefits |
Molina Healthcare Close to Win in ERISA Lawsuit
A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
« Mercer Releases Tips for Plan Sponsors on Pension Risk Management