City of Elizabeth, N.J., Renews CitiStreet Contract.Business Editors EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--Feb. 11, 2004 Service of 457(b) Plan Surpasses 20 Years CitiStreet has been renewed as provider of the City of Elizabeth, N.J.'s 457(b) retirement plan, it was announced today by CitiStreet's Retirement Services Division (RSD RSD Reflex sympathetic dystrophy, see there ). CitiStreet RSD has served the City of Elizabeth employees since 1982. The plan currently has approximately $35 million in assets. City of Elizabeth employees can choose to invest in either annuities or mutual funds through the CitiStreet plan, and they can elect to receive investment advice through the CHART Program, an investment advisory service offered by CitiStreet RSD. CitiStreet's services also include automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. voice response system and Internet services; communication and educational materials to help employees set and attain their investment goals; onsite education; and sophisticated technology that provides daily account valuations and speedy transactions on distributions, withdrawals and loans. The Retirement Services Division, based here, is one of three CitiStreet divisions 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. . RSD serves more than 10,000 business, healthcare, education, government and not-for-profit entities ranging from start-up businesses to large organizations. The other CitiStreet divisions are Total Benefits Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. in Jacksonville, Fla., and the Institutional Division, which is based in Quincy, Mass. About CitiStreet CitiStreet, one of the largest global benefits delivery firms in the United States, is headquartered in Quincy, Mass. It has 3,500 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 field offices around the nation. It also has a division, CitiStreet Australia, with offices in Sydney and Brisbane. CitiStreet serves more than 9 million participants and administers approximately $190 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 900,000 participants and administers about $4 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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