SunTrust Expands 401(k) Offering with New Online Retirement Toolbox to Help Employee Participants Plan Solid Financial Future

Published on Wednesday, 08 September 2010 13:00 Written by TradersHuddle Staff

Toolbox offers interactive educational resources tailored for each stage of retirement planning

ATLANTA, Sept. 8 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has introduced an innovative, interactive online Retirement Toolbox (suntrust.com/retirementsolutions) for businesses who choose SunTrust as their 401(k) plan provider. This new offering reflects SunTrust's ongoing commitment to enhance retirement plan solutions and proactively address the evolving retirement needs of business clients and their employees.

SunTrust's Retirement Toolbox is an online resource center that helps participants navigate the retirement planning process and save for a solid financial future.  Designed for employee participants of SunTrust's institutional 401(k) programs, the Toolbox includes dozens of videos, articles, guides and calculators targeted to employees in different stages of retirement planning:  Getting Started, Making Progress, Nearing Retirement and In Retirement.  For example, to help drive enrollment, the Getting Started section includes tools such as a 401(k) Savings Calculator while the In Retirement section emphasizes distribution options or income replacement planning.  

"We understand the growing importance for employers to provide valuable tools and resources that empower their employees to take control and actively participate in mapping out a sound financial future," said Brenda A. Seliga, head of employee benefit solutions for SunTrust.  

"The Toolbox's easy-to-use elements, coupled with the opportunity to meet personally with a retirement education specialist, helps participants develop and stick to a plan."

As part of SunTrust's participant education program, plan sponsors can select added benefits including in-person group and/or individual meetings with a dedicated SunTrust retirement education specialist.  Clients receive personalized attention with a program tailored to employee demographics, participant and average deferral rates and more.  For more information on the Toolbox, visit suntrust.com/retirementsolutions

About SunTrust Banks, Inc.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2010, SunTrust had total assets of $170.7 billion and total deposits of $118.7 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com

SOURCE SunTrust Banks, Inc.