Wachovia Wins Greatest Number of Gold Signature Awards for 2008 Cycle
CHARLOTTE, N.C., Sept. 24 /PRNewswire-FirstCall/ -- Wachovia Retirement
Services has received five Gold Signature Awards from the Profit
Sharing/401(k) Council of America. The firm was recognized for the
communication and education programs that it produced in the categories of
Retirement Readiness, Roth 401(k), Complete Campaign, Increasing Deferrals
and Plan Design Changes.
"I am very proud of our team for winning these five gold awards, said
Joe Ready, Executive Vice President and head of Wachovia Retirement
Services. "Americans are under ever-increasing financial pressures, and
it's very easy to ignore retirement planning. However, we believe the best
antidote to any inertia related to retirement is education. People have to
understand what their options are and how they can maximize their
retirement savings. We believe our process of educating participants is
world class and we are honored by the fact that our efforts have been
recognized by the PSCA."
Wachovia Retirement Services was recognized with Gold Signature Awards
in the following categories:
-- "Retirement Readiness" and "Increasing Deferrals," for developing
campaigns that reached every employee and provided them with an individual
retirement goal and quick steps to take action so they could achieve that
goal.
-- "Roth 401(k)," for a campaign that gave plan participants the
opportunity to meet one-on-one with licensed financial advisors to learn
about the distinct tax advantages of investing in a Roth 401(k).
-- "Complete Campaign," for its Driving for Excellence campaign, which
used a golf theme to attract plan participants to a benefits fair developed
to motivate them to pay closer attention to retirement planning.
-- "Plan Design Changes," for helping participants understand major
plan changes. A key part of the campaign was the organization of five focus
groups that were designed to hear participant concerns. These led to an
effective communication plan, including culture training for Wachovia call
center representatives, to help them better understand participant
questions.
Established in 1947, PSCA is a national, non-profit association of
1,200 companies and their 6 million plan participants. Members range in
size from Fortune 100 firms to small, entrepreneurial businesses.
Wachovia Retirement Services received the honors at the PSCA's 61st
annual conference, held recently in Nashville, Tenn.
About Wachovia Retirement Services
Wachovia Retirement Services is part of the Retirement and Investment
Products Group, a division of Wachovia's Capital Management Group. Wachovia
Retirement Services provides fully bundled defined contribution, defined
benefit and nonqualified retirement plans to both small and large
companies, unions and municipalities. More complete information about
Wachovia Retirement Services is accessible online at
http://wachovia.com/401k .
About Wachovia
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 2008. Wachovia provides
a broad range of retail banking and brokerage, asset and wealth management,
and corporate and investment banking products and services to customers
through 3,300 retail financial centers in 21 states from Connecticut to
Florida and west to Texas and California, and nationwide retail brokerage,
mortgage lending and auto finance businesses. Globally, clients are served
in selected corporate and institutional sectors and through more than 40
international offices. Our retail brokerage operations under the Wachovia
Securities brand name manage more than $1.1 trillion in client assets
through 14,600 financial advisors in 1,500 offices nationwide. Online
banking is available at http://wachovia.com ; online brokerage products and
services at http://wachoviasec.com ; and investment products and services
at http://evergreeninvestments.com .
SOURCE Wachovia Corporation
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