|
Defined
Contribution Provider Consolidation
Overview | |||
|
Firm
Name |
Action |
Firm
Name |
Year |
|
Wyatt (Daily
Valuation) |
Sold
to |
State
Street |
1996 |
|
Benefit Concepts,
Inc. |
Sold
to |
USI Insurance
Services |
1996 |
|
Wells Fargo
Masterworks |
Sold
to |
Barclays |
1996 |
|
Mercer |
Sold
to |
ADP |
1997 |
|
Buck
Consultants |
Sold
to |
Mellon
Bank |
1997 |
|
Coopers &
Lybrand/Kwasha |
Merged
with |
Price
Waterhouse |
1998 |
|
Barclays ( DC
Business) |
Outsourced Recordkeeping
to |
Merrill
Lynch |
1998 |
|
Howard
Johnson |
Sold
to |
Merrill
Lynch |
1998 |
|
Wyatt (Balance
Forward) |
Sold
to |
First Data Investor
Service |
1999 |
|
First Data Investor
Service |
Sold
to |
PNC Bank
Corp |
1999 |
|
Williams, Thatcher & Rand,
NY (Balance Forward) |
Sold
to |
USI Insurance
Services |
1999 |
|
Benefits Advisors of New
England |
Sold
to |
USI Insurance
Services |
1999 |
|
Bankers
Trust |
Sold
to |
Metropolitan
Life |
1999 |
|
Nations
Bank |
Exited The
Business |
|
1999 |
|
Chase Manhattan
Bank |
Exited The
Business |
|
1999 |
|
Huntington
Bank |
Exited The
Business |
|
2000 |
|
Merrill Lynch (Small
Market) |
Outsourced Recordkeeping
to |
Bisys |
2000 |
|
Prudential (Small
Market) |
Outsourced Recordkeeping
to |
Bisys |
2000 |
|
Strong (Small
Market) |
Outsourced Recordkeeping
to |
Universal
Pensions |
2000 |
|
T. Rowe Price (Small
Market) |
Outsourced Recordkeeping
to |
Trustar |
2000 |
|
First Tennessee
Bank |
Outsourced Recordkeeping to
|
Fidelity |
2000 |
|
Bank
One |
Outsourced Recordkeeping to
|
Fidelity,
Invesco |
2000 |
|
Wachovia |
Sold
to |
First
Union |
2001 |
|
Wachovia |
Outsourced Recordkeeping
to |
INVESCO |
2001 |
|
John Hancock Financial
Services |
Sold
to |
Universal
Pensions |
2001 |
|
Allmerica
Financial |
Sold
to |
Minnesota
Life |
2001 |
|
Fleet
Bank |
Outsourced Recordkeeping
to |
INVESCO |
2001 |
|
AON |
Sold
to |
INVESCO |
2001 |
|
Morgan Stanley Dean
Witter |
Outsourced Recordkeeping
to |
ADP |
2001 |
|
LaSalle National
Bank |
Outsourced Recordkeeping
to |
Chicago Title &
Trust |
2001 |
|
Universal
Pensions |
Sold
to |
Bisys |
2001 |
|
PaineWebber |
Outsourced Recordkeeping
to |
MFS |
2001 |
|
Metropolitan Life Insurance
(MET Life) |
Outsourced Large
Plans |
Hewitt
Associates |
2001 |
|
Wilmington
Trust |
Sold
to |
The Principal
Group |
2001 |
|
Am South
Bank |
Outsourced Recordkeeping
to |
Bisys |
2001 |
|
South Trust
Bank |
Exited the
Business |
|
2001 |
|
Pricewaterhouse Cooper/Unifi
Network |
Sold
to |
Mellon |
2001 |
|
Scudder |
Sold to
|
Deutsche
Bank |
2001 |
|
Nippon Life Insurance Company
of America |
Exited the
Business |
|
2002 |
|
American Skandia
|
Exited the
Business |
|
2002 |
|
SunTrust |
Exited the
Business |
|
2002 |
|
Key
Bank |
Sold
to |
The Principal
Group |
2002 |
|
State Street
Research |
Sold to
|
Met
Life |
2002 |
|
CBIZ |
Sold
to |
Bisys |
2002 |
|
Trustar Retirement
Services |
Exited the
Business |
|
2002 |
|
Guardian Life Ins.
Co |
No Longer Accepting New
Business |
2002 | |
|
Mercantile
Bank |
Outsourced Recordkeeping
to |
Bisys |
2002 |
|
Emplanet |
Exited the
Business |
|
2002 |
|
Bank of New
York |
Exited the
Business |
|
2002 |
|
National City
Corp |
Outsourced Recordkeeping
to |
Hewitt
Associates |
2002 |
|
Persumma |
Merged
with |
Mass
Mutual |
2002 |
|
American
Century |
Sold to
|
J P
Morgan |
2003 |
|
Northern
Trust |
Outsourced Recordkeeping
to |
Hewitt
Associates |
2003 |
|
PFPC |
Sold to
|
Wachovia |
2003 |
|
Scudder |
Sold to
|
ADP |
2003 |
|
US
Bank |
Sold to
|
Bisys |
2003 |