"Plan sponsors take their fiduciary responsibilities to their employees very seriously, which is why BMO Retirement Services is committed to providing both employers and employees with proven solutions for achieving retirement security," said Smith.
"This includes user-friendly target-date funds and risk-based asset allocation funds," Smith added. "Both are easy for plan participants to use and easy for plan sponsors to add to existing plans. Both are simple solutions to providing fully diversified portfolios based on the participant's retirement date or their risk tolerance. After all, simplicity is the ultimate sophistication."
BMO Retirement Services Retains Position as Star Performer
BMO Retirement Services also announced that it earned a 63 Net Promoter Score, which is a client loyalty metric introduced in the Harvard Business Review in 2003. Based on feedback within this survey, their score once again placed BMO Retirement Services within the "Star Performer" range and among the highest in the industry.
"Our solid Net Promoter Score validates our commitment to service excellence and confirms the value we place on our clients and on the relationships we have with them. We are particularly proud of this rating because it is based on our clients' responses," concluded Smith.
About BMO Retirement Services
BMO Retirement Services is an integral part of BMO Global Asset Management and a premier, award-winning provider of retirement services. We have been recognized as a national provider of both defined contribution recordkeeping and defined contribution investment-only services by the National Association of Plan Advisors.
BMO Global Asset Management provides holistic, solution-driven services to our institutional and high-net-worth clients. With a 40-year legacy of fiduciary service -- and goal of promoting retirement readiness to our more than 500,000 participants in over 1,000 retirement plans -- our clients include retirement plans, Taft-Hartley funds, government and public funds, not-for-profit organizations and family offices. BMO Global Asset Management's commitment to service excellence has led us to be recognized by Pension & Investments as one of the Top 100 largest asset managers.
We are a part of BMO Financial Group (NYSE: BMO), a fully diversified financial services firm with $555 billion total assets and more than 46,000 employees as of April 30, 2013.
BMO Retirement Services is a part of BMO Global Asset Management and a division of the BMO Harris Bank N.A., offering products and services through various affiliates of BMO Financial Group.
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide trust, custody, securities lending, investment management, and retirement plan services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO). Investment products are: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE
The results cited in this release are based on interviews with 416 retirement plan sponsors that have a minimum of $2 million in trust assets and use the BMO Retirement Services recordkeeping platform. The telephone and online survey was conducted between April 4, 2013 and May 12, 2013.
©2013 BMO Financial Corp.
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