MADISON, Wis. — CUNA Mutual Group said its retirement plan service division has received top rankings in the 2008 401kExchange survey of 401(k) plan sponsors.
401kExchange surveyed more than 16,000 plan sponsors with total plan assets less than $1 million and more than 25,000 plan sponsors with assets in the $1 million to $10 million range. In both asset ranges, CUNA Mutual received the highest percentage of favorable (four and five) ratings for the two categories, according to the company.
In compiling overall top scores, CUNA Mutual said it also ranked No. 1 in many in plans from $1 million to $10 million in the categories of customer service, education/communication, investment options, fund performance, investment and recordkeeping fees and plan administration.
CUNA Mutual said it currently serves approximately 60% of the retirement plans sponsored by credit unions, representing approximately 4,300 plans and 129,000 plan participants.
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