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All Press Releases >All Companies >  Diversified

Press release:

Diversified Leads Large-Plan Market with Most ‘Best in Class’ Cups and Obtains Overall Client Recommendation Rate of 97 Percent, According to PLANSPONSOR’s Annual Defined Contribution Survey

Issued by: Diversified

Date: Thursday, January 5, 2012

Diversified is one of the most recommended retirement plan providers and received more “Best in Class” cups for participant and sponsor services than its peers serving the large-plan market, according to PLANSPONSOR magazine’s 2011 Defined Contribution (DC) Survey of retirement plans. Specifically, Diversified earned 21 out of a possible 23 Best in Class cups in the large-plan market, and 100% of these clients reported that they were likely to recommend Diversified to a colleague, according to the annual survey. Across all markets, 97.3% of clients were likely to recommend Diversified.

Diversified received a total of 38 Best in Class cups from clients it serves in all markets, including:

Participant Services:
•     Participant call center
•     Website functionality
•     Online tools/services
•     Participant statements
•     Education program
•     Communication materials
•     Enrollment assistance
•     Retiree services
•     Onsite meetings
•     Range of investment options
•     Loan/withdrawal processing
•     Beneficiary administration
•     Participant fee disclosure

Sponsor Services:
•     Sponsor website/tools
•     Plan reports/benchmarking
•     Form 5500 processing
•     Compliance Support/testing
•     Legislative/regulatory updates
•     Account team knowledge
•     Staff consistency
•     Plan design flexibility
•     Fee “cost-to-value”

“Diversified continues to earn high marks from the retirement plan industry and clients alike for providing plan sponsors and participants with a breadth of products, the highest level of service and exceptional value, all of which are designed to help participants achieve a well-funded retirement and sponsors fulfill their fiduciary requirements,” said Peter Zummo, senior vice president, client relationship development at Diversified.

About Diversified
Diversified is a leading provider of customized retirement plan administration, participant communication and open architecture investment solutions for mid- to large-sized organizations. The company’s expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (traditional and Roth); 457; nonqualified deferred compensation; profit sharing; money purchase; cash balance and Taft-Hartley plans; and rollover and Roth IRA. Diversified helps two million participants save and invest wisely for and throughout retirement.  

Headquartered in Harrison, NY, the company’s regional offices are located in Arkansas, California, Florida, Illinois, Iowa, Louisiana, Maryland, Massachusetts, New York, North Carolina, Ohio, Oregon, Pennsylvania, Texas, Utah and Wisconsin. To learn more, visit www.divinvest.com.

About the study
Results of the 2011 Defined Contribution (DC) Survey were announced in the November issue of PLANSPONSOR magazine. The survey collected feedback from 7,243 plan sponsors related to their satisfaction with defined contribution plan provider(s). “Best-in-Class” cups were awarded to plan providers that scored in the top quartile of a specific category.  For complete survey results visit www.PLANSPONSOR.com.

PLANSPONSOR is a privately held publisher and information services provider covering workplace retirement systems and other employer benefits programs. PLANSPONSOR is headquartered in Stamford, CT and is part Asset International, Inc., a subsidiary of Case Interactive Media, Inc.

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