Fleetwood Enterprises, Inc., a top U.S. producer of recreational vehicles and a leader in manufactured housing, has selected CitiStreet to be the administrator of the company 401(k) plan, it was announced today. The plan has about $300 million in assets and 10,000 participants. CitiStreet will provide plan administration, record keeping, customer service, communications and education for the plan. Advice also will be offered through CitiStreet Advisors, LLC. "We selected CitiStreet because the breadth and quality of the administrative services they offer appear to be a very good match for a plan of our size and complexity, and for their reputation for excellence in record keeping," said Betsy Gealogo, Fleetwood's retirement plan manager. In its sales presentation CitiStreet highlighted, among other things, its fee transparency and its flexible technology, which allows the plan recordkeeping to be tailored to the needs of Fleetwood. CitiStreet also emphasized its ability to provide custom Spanish communications, which was of significant interest to Fleetwood. "We look forward to working with Fleetwood to meet its specific needs, and to helping its participants meet their retirement savings goals," said Sandy McCarthy, CitiStreet president of retirement services. Fleetwood Enterprises, Inc., a Fortune 1000 company headquartered in Riverside, Calif., and founded in 1950, is the number two maker of recreational vehicles in the United States and also the number two producer of manufactured homes. Both its recreational vehicles, from large luxury motor homes to folding camping trailers, and its single and multi-section housing have been valued by customers over many years for their excellence in design and innovation. About CitiStreet CitiStreet, one of the largest global benefits delivery firms in the United States, is headquartered in Quincy, Mass. CitiStreet has 3,000 employees at offices in Somerset, N.J., Jacksonville, Fla., Lewiston, Maine, Boston and field offices around the nation. It also has a division, CitiStreet Australia, with offices in Sydney, Brisbane and Melbourne. CitiStreet serves more than 10 million participants and administers approximately $200 billion in assets in the United States for defined contribution, defined benefit and health and welfare plans of corporate, government, health care, Taft-Hartley and not-for-profit organizations. It also serves more than 1 million participants and administers about $15 billion in assets outside the United States. CitiStreet is a 50/50 joint venture between State Street Corp. (NYSE:STT) and Citigroup (NYSE:C). For more CitiStreet information, visit the Web site at www.citistreetonline.com.
State Street (NYSE:STT)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more State Street Charts.
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more State Street Charts.