Ameriprise Retirement Services and Aon Consulting announce strategic alliance

MINNEAPOLIS - Today, Ameriprise Retirement Services (formerly American Express Retirement Services) and Aon Consulting announced a strategic alliance to provide end-to-end defined benefit, defined contribution and retirement education and planning services. Combining their complementary strengths, Ameriprise Retirement Services and Aon Consulting have launched an integrated, all-in-one solution for managing retirement plan outsourcing, called Retirement3óRetirement Through the Power of Three: Defined benefit actuarial, consulting and administration services integrated with defined contribution consulting and administration services, supported by retirement education and planning services.



Designed to help employers make their retirement benefits program more valuable to employees and more efficient to manage, Retirement3 helps employees become financially prepared for retirement by providing a suite of personalized services that help them better understand and appreciate the power and value of their employer-provided retirement benefits. Retirement3 services* include:
ï Defined contribution plan recordkeeping, administration and compliance assistance ï Investment management, trust and custodial services ï Financial planning and education services ï Plan sponsor retirement readiness diagnostic, along with annual employee ìon trackî statements ï Defined benefit plan administration and compliance ï Actuarial valuation services and retirement consulting services ï Retirement and total compensation statements ï Total human resource outsourcing services

ï Web portal with access to retirement benefits package information

Retirement3 makes available two unique tools in the retirement services marketplace to help plan sponsors and participants define and measure success: BluePrint DesignSM** and On Track Retirement EducationSM***. These combined products provide financial education for employers and individuals, both for defined benefit and defined contribution plans. Organizations benefit by knowing their plan is working ñ or knowing what areas need improvement ñ through the BluePrint Design process. Individual participants benefit by receiving personalized data through On Track Retirement Education to help them determine if they are ìon trackî for retirement ñ and what they need to do to get there.

Ward Armstrong, president of Ameriprise Retirement Services, stated, ìManaging both defined benefit and defined contribution programs can be a challenge for companies and their employees. Dealing with multiple vendors often adds to an employerís administrative headaches and increases costs. Many workers also find it difficult to understand fully the nature and value of their benefit opportunities as they try to manage information from numerous sources, not to mention knowing if they are on track toward a secure retirement. An integrated solution customized to meet the unique needs and challenges faced by each company and its employees is the commonsense approachóand is what we had in mind in developing Retirement3.î

Roger Vaughn, president of Aon Consulting, said, ìWeíre delighted to be partnering with Ameriprise Retirement Services to offer Retirement3. Helping employees save for retirement, both from the participant and plan sponsor perspective, has never been more challenging. Retirement3 helps an organizationís employees be financially prepared for retirement by helping them better understand and appreciate the power and value of their employer-provided retirement benefits. As a result, employers can measure the success of their retirement plans against desired goals, mitigate their risk of fiduciary liability and can realize reduced HR-related costs through increased employee satisfaction, productivity and retention.î

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