City of Baltimore Chooses CitiStreet for Benefits Plan; Importance of Communications, Education Materials Cited.Business Editors QUINCY, Mass.--(BUSINESS WIRE)--Sept. 25, 2002 The City of Baltimore's Deferred Compensation Plan has selected CitiStreet to be the administrator for its 457 deferred compensation plan, it was announced today. CitiStreet will provide record keeping, administration, customer service, on-site enrollment and communication and education for Baltimore's 457 plan, which has about $200 million in assets. "We believe this selection will provide an especially important enhancement to the plan for our employees, because of new excellent education and communication materials and the approach that we will be implementing. We believe the new plan will greatly benefit existing participants and help increase enrollment," said Ed Gallagher Ed Gallagher may refer to one of these people:
CitiStreet is adding an office in Baltimore. It also is designing special annual communications strategies targeting different groups of participants with messages specific to their circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . "Baltimore fully appreciates that government employees need wide-ranging approaches to education and communications, including printed materials, on-site meetings and online delivery to be able to set and meet their retirement goals, especially in these difficult times," said Randy Taylor Randy Taylor (born February 1982, played by Jonathan Taylor Thomas) is the middle brother on the TV show Home Improvement. Randy is the jokester of the family. He is also the shortest Taylor boy. , CitiStreet senior vice president, government markets. The Baltimore plan investment offerings have been expanded to add three Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. asset allocation funds asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities and a large cap growth fund. Also, the plan's stable value fund will now be under the management of State Street Global Advisors (SSgA). CitiStreet is a joint venture of State Street Corp. and Citigroup; SSgA is a division of State Street and Smith Barney is a division of Citigroup Asset Management. The conversion to CitiStreet will occur in early December. The Deferred Compensation Plan covers approximately 16,000 eligible city employees. There are approximately 9,200 actives and retirees currently participating in the plan. About CitiStreet CitiStreet, one of the largest global benefits delivery firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is headquartered in Quincy, Mass. It has 3,000 employees and offices in East Brunswick, N.J., Jacksonville, Fla., Lewiston, Maine Lewiston, in Androscoggin County, is the second-largest city in the U.S. state of Maine. The estimated 2007 population was 37,734. It is one of two principal cities of and included within the Lewiston-Auburn, Maine Metropolitan New England City and Town Area and the , and Boston, and 35 field offices around the nation. It also has a division, CitiStreet Australia, with offices in Sydney and Brisbane. CitiStreet serves more than 7.5 million participants and administers approximately $180 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 about 800,000 participants and administers about $2.5 billion in assets outside the United States. CitiStreet is a 50/50 joint venture between State Street Corp. (NYSE NYSE See: New York Stock Exchange :STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ) and Citigroup (NYSE:C). For more CitiStreet information, visit the Web site at www.citistreetonline.com. |
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