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Rating:Reynolds Continues to Beef Up Putnam's 401k Play Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 22, 2010

Reynolds Continues to Beef Up Putnam's 401k Play

Reported by Neil Anderson, Managing Editor

Fundsters interested in the 401(k) business may want to take a look at the latest enhancements released by Bob Reynolds and his team at Putnam. Ed Murphy, head of defined contribution at the Boston-based mutual fund firm, confided to The MFWIre that Putnam will launch new 401(k) advisor and plan sponsor websites tomorrow, with an emphasis on using real-time data. It's just the latest step in Reynolds' plan to position Putnam as the thought leader in the 401(k) industry.

"They [advisors and plan sponsors] have access to key metrics in real-time," Murphy said. "It's very nimble in terms of ad hoc reporting."

The new sites, designed specifically for the new Putnam 401(k) platform launched a year ago in conjunction with Great-West Retirement Services (one of Putnam's new sister companies), also feature payroll integration, fee disclosure information, fund monitoring, a fiduciary archive and more. The release follows the launch earlier this year of a similar new site for Putnam's 401(k) participants. 

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