Diversified Investment Advisors Selected as New Retirement Plan Administrator for Archdiocese of St. Louis.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Nov. 5, 2001 Diversified Investment Advisors History Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , Inc., has been selected by the Archdiocese of St. Louis to manage its $60 million 403(b) Plan. GBS See GB/sec. Retirement Services (GBS) worked with the Archdiocesan Benefit Counsel and conducted a comprehensive study of 20 firms to determine the organization that could best help the Archdiocese reach its goals and objectives. Diversified was chosen to represent the Archdiocese following the recommendation of GBS. "The Archdiocese wanted to update and modernize its existing retirement system for its 5,000 employees and after an extensive search, Diversified Investment Advisors was selected as the retirement plan administrator that could best meet their needs," said David Hinderstein, President of GBS Retirement Services. "We are confident that Diversified is the best choice because of its complete outsourcing capabilities and educational tools. In addition, Diversified will increase the number of investment choices for our participants and reduce costs to our employees," said Mike Kelly, Managing Director - Human Resources for the Archdiocese. "Diversified is working closely with GBS to fulfill the needs of Archdiocese of St. Louis," said Chris Cumming, Vice President of Marketing at Diversified Investment Advisors. "GBS has a great track record in providing the highest level of service by putting on-site benefits consultants at its clients' headquarters. They will have two full-time benefits consultants at the Archdiocese for communication and educational services. This level of service is a natural complement to Diversified's high quality educational tools and that is why we work so well together," added Cumming. Diversified will also provide investment management, communication and recordkeeping services. GBS Retirement Services, an independent consultant committed to delivering innovative solutions to the retirement plan needs of hospitals and related healthcare institutions, is a business unit of Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, IL. It has offices in nine countries around the world. Gallagher is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AJG AJG Arthur J Gallagher & Co . Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 403(b); 401(k); executive deferred compensation; profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ; money purchase; cash balance; rollover IRA Rollover IRA A traditional individual retirement account holding money from a qualified plan or 403(b) plan. These assets, as long as they are not mixed with other contributions, can later be rolled over to another qualified plan or 403(b) plan. Also known as a conduit IRA. and Roth IRA Roth IRA An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible, and qualified distributions are tax-free. A qualified distribution is one that is taken at least five years after the taxpayer established his/her first . Diversified services over $49 billion in retirement plan assets, helping more than one million participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Georgia, Illinois, Iowa, Louisiana, Maryland, Massachusetts, Michigan, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oregon, Pennsylvania, Texas and Wisconsin. |
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