Dole Food Company Selects Morningstar Associates to Provide 401(k) Participant Advice
June 23 2009 - 11:18AM
PR Newswire (US)
CHICAGO, June 23 /PRNewswire-FirstCall/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today announced that Dole Food Company will be offering
online access to extensive research, education, and retirement
advice services through Morningstar Retirement Manager(SM), an
investment advisory service from Morningstar Associates, LLC. Dole
plans to offer Morningstar Retirement Manager free of charge to
employees participating in its 401(k). Participants will have
access to the service through Hewitt Associates, their plan's
recordkeeper. "The recent market downturn has taken a heavy toll on
participants' retirement accounts. Now more than ever, investors
need a long-range plan, suited to their risk tolerance, in order to
get back on track," said Patrick Reinkemeyer, president of
Morningstar Associates. "We're focused on helping people create a
retirement strategy that establishes long-term savings,
contributions, and income goals to move investors closer to a
successful retirement." With Morningstar Retirement Manager,
participants receive a personalized retirement strategy, including
a retirement income goal assessment, recommended savings rate, and
construction of an appropriate portfolio strategy based on their
goals and personal situation. Participants will also have access to
a wide range of tools, research, and educational support. "Dole has
a long history of caring about the physical and financial wellbeing
of its employees. The new Morningstar Retirement Manager service is
a great tool to assist our employees with their retirement
planning," said Charlene Mims, vice president of benefits, About
Morningstar Associates, LLC and Morningstar, Inc. Morningstar
Associates, LLC, is a registered investment advisor and wholly
owned subsidiary of Morningstar, Inc. As of Dec. 31, 2008,
Morningstar Associates' retirement services were available to more
than 8 million people through approximately 72,000 retirement plan
sponsors and 17 plan providers. Morningstar Retirement Manager is
offered by and is the property of Morningstar Associates, and is
intended for use by citizens and legal residents of the United
States or its territories. Morningstar, Inc. is a leading provider
of independent investment research in North America, Europe,
Australia, and Asia. The company offers an extensive line of
Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar
provides data on more than 300,000 investment offerings, including
stocks, mutual funds, and similar vehicles, along with real-time
global market data on more than 4 million equities, indexes,
futures, options, commodities, and precious metals, in addition to
foreign exchange and Treasury markets. The company has operations
in 19 countries and minority ownership positions in companies based
in three other countries. About Dole Food Company, Inc. Dole Food
Company, Inc., with 2008 revenues of $7.6 billion, is the world's
largest producer and marketer of high-quality fresh fruit and fresh
vegetables. Dole also markets a growing line of packaged and frozen
foods, and is a produce industry leader in nutrition education and
research. (C)2009 Morningstar Inc. All rights reserved. Media
Contact: Alexa Auerbach 312-696-6481, DATASOURCE: Morningstar, Inc.
CONTACT: Alexa Auerbach of Morningstar, Inc., +1-312-696-6481, Web
Site: http://www.morningstar.com/
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