First Mercantile Introduces New Enrollment Meeting Service
MEMPHIS, TN, June 10, 2010 -- First Mercantile, a leading provider of 401k plans, announced today the introduction of an enrollment meeting service that complements the service offering investment professionals provide to plan sponsors. Enrollment meetings are conducted onsite and are fully customizable, modular presentations targeted to an organization's needs.
"With our singular focus on retirement, our goal is to provide innovative participant education that acknowledges each organization's goals. A face-to-face workshop can be one of the most effective means of communication about retirement planning, providing employees with the opportunity to learn new skills and ask questions," said Ian Sheridan, president and CEO of First Mercantile.
The meetings can be delivered either by the plan's investment professional or by one of 50 professional enrollment meeting specialists. Enrollment meeting specialists are strategically located in major cities across the country, enabling plan sponsors to offer meetings in multiple locations if necessary. The presentations can be customized to address specific goals - to increase plan participation, boost savings rates or improve investment diversification - and tailored to employees' varied levels of understanding. Presentations are available in English or Spanish.
"At First Mercantile, our approach is to help employees enroll, invest with confidence and stay on track to retirement readiness," said Patrice Saddler, director of marketing. "We are confident that this service will help sponsors achieve their plan goals."
Investment professionals are invited to contact their First Mercantile internal sales specialist to learn more about the optional enrollment meeting service, including fees and availability.
For more information about First Mercantile, please contact your representative or call First Mercantile at 800.753.3682.
About First Mercantile
First Mercantile, one of the premier collective investment trust (CIT) recordkeepers in the United States, offers investment solutions for qualified retirement plans. Employing a due diligence process, First Mercantile Trust (FMT) searches the investment universe to select non-proprietary options suited for the investment platforms. CITs are sub-advised by institutional money managers, or invest in mutual funds or exchange traded funds (ETFs). Also included on the investment platform are Dimensional Fund Advisor (DFA) investments, Lifestyle and Target Date options. First Mercantile acts in a fiduciary capacity with respect to the management of the assets of the collective investment trust. The Advisor Review Committee oversees the entire due diligence process, which includes qualitative and quantitative analysis.
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