Putnam Investments Receives #1 Ranking for 401(k) Plan Sponsor Website

kasina Study also Names Putnam as a Top Website for Plan Participants

Business Wire


Putnam Investments has been ranked the #1 website for defined contribution plan sponsors in a new study by kasina, a well-regarded financial services research and consulting firm. In addition, Putnam’s website for 401(k) plan participants was rated in the top three industry-wide by kasina in a companion study.

“We are honored that kasina – an influential voice in the retirement services arena – has ranked Putnam’s web offerings to plan sponsors and participants among the very best in the industry,” said Edmund F. Murphy III, Head of Defined Contribution, Putnam Investments. “The kasina ratings are a validation of our firm’s strong commitment to providing plan sponsors and their participants with innovative, impactful and timely information and resources to ultimately help pursue successful retirement outcomes.”

Discussing kasina’s rankings of the best plan sponsor websites, Steven Miyao, the firm’s founder and CEO said, “As plan sponsors continue in their fiduciary quest to raise enrollment in plans and inspire their workforce to improve its retirement readiness, Putnam’s web experience is particularly noteworthy for not only its utility and content, but for uniquely featuring the instant insight that visual data, plan participation statistics and benchmark metrics provide.”

kasina’s plan sponsor study, Enhancing DC Plan Sponsor Websites to Increase Workforce Retirement Readiness, evaluates practices at websites used by sponsors of 401(k), 403(b) and other retirement plans. In rating Putnam # 1, the report stated that “Putnam Investments has long set a high bar for digital engagement and excellent user experiences. The website for DC plan sponsors is another star in the digital eco-system that the firm has built…The site, in short, is designed to help plan sponsors identify any opportunities to help plan participants better prepare for the lifetime income needs.”

The companion study from kasina, Optimizing DC Plan Participant Websites to Boost Retirement Preparedness, evaluated retirement plan participant sites on how they helped users stay on track to achieve their retirement income goals. Putnam, ranked #3 in this study, was cited for its proprietary Lifetime Income Analysis Tool SM, which projects plan participants’ current savings into future estimated monthly retirement income, calculates whether they are on track to generate the income they are likely to need once they stop working and offers actionable steps to increase savings. The kasina study noted that Putnam’s Health Cost Estimator “shows the impact that healthcare costs in retirement will have on monthly income” and that Putnam provides insights and recommended action based on its analysis of plan participants’ goals and current status.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. At the end of February 2014, Putnam Investments had $153 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.

Putnam Investments
Jon Goldstein, 617-760-1127
cell: 516-946-5598
Laura McNamara, 617-760-1108
cell: 978-505-0524
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