This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

2012 PLANSPONSOR® Survey: BMO Retirement Services Ranks #1 In Best-in-Class Awards Among 401(k) Providers For Sixth Consecutive Year

Stocks in this article: BMO

MILWAUKEE, Dec. 5, 2012 /PRNewswire/ -- BMO Retirement Services has won the most Best-in-Class designations among all leading 401(k) providers, according to the newly released 2012 PLANSPONSOR ® Defined Contribution Survey, which aggregated responses from more than 6,000 retirement plan sponsors.

BMO received 75 Best-in-Class trophies, across 23 plan sponsor and participant service categories in six market segments.

"Although our Best-in-Class tallies are second to none for the sixth year in a row, this year's achievement is particularly meaningful for us," said Phillip E. Enochs, CFA, Head of Relationship Management, BMO Global Asset Management.

Enochs noted that often in the industry, client service can be negatively impacted during acquisition and transition periods. "With the support of many dedicated people, we continued to deliver client service at an industry leading level. Despite all the moving parts involved in our integration, we remained committed to serving our clients," he said.   

Retirement plans in the $5MM-10MM, $10MM-50MM and $50MM-200MM ranges awarded BMO Retirement Services with 10 Best-in-Class trophies for all 10 of the Sponsor Services categories in the survey. The BMO platform also picked up 38 Best-in-Class trophies in the Participant Services categories and was named among the very top providers most likely to be recommended by clients.

Among the 41 providers included in the survey, BMO Retirement Services was also ranked highly for an array of favorable plan attributes, including:

  • Average account balance
  • Average client participation rate
  • Percentage of participants maximizing match
  • Clients comfortable with provider's fee disclosure
  • Clients with more than seven-year relationships
  • Clients with "Safe Harbor" plan design
  • Clients with Roth provision

"The most compelling proof of quality service resides entirely in the clients' experience," Enochs added. "We are pleased with this year's results, but that shouldn't suggest we are complacent. BMO Retirement Services' mandate is to continually improve the ability of plan sponsors and participants to achieve their goals."

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs