OAKS, Pa., Oct. 25 /PRNewswire/ -- SEI (Nasdaq: SEIC) today announced that for the second consecutive year, one of the company's institutional clients – Magnetek, Inc. – was recognized with the "Solutions Superstar" award by EmployersWeb. The award honors Magnetek for its superior and innovative pension plan implementation strategies, which have efficiently synced the plan with the company's corporate goals and requirements.
The Solutions Superstar for Most Innovative Plan Implementation from EmployersWeb.com recognizes the top examples of unique plan implementation within corporate America. Magnetek received the award, in part, for developing a custom funding strategy by restructuring the investment portfolio, while also accounting for the ongoing financial needs of the organization.
"Magnetek's team of pension and financial professionals are deserving of this award which recognizes their pension investment strategy and how it complements their overall corporate goals," said Roger Messina, Vice President and Managing Director, Relationship Management for SEI's Institutional Group. "Their vision of decreasing volatility by increasing diversification at both the asset class and manager levels, and ultimately, aligning the company's pension plan with overall finance targets, is a model for others. SEI is proud to partner with Magnetek in helping enhance the financial management of their plan and we congratulate their success."
For more information about the Solutions Superstars Awards, please visit www.employersweb.com.
About SEI's Institutional Group
SEI's Institutional Group delivers integrated healthcare, retirement and nonprofit investment solutions to more than 500 global institutional clients (of which 340 are U.S. based) in six different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented fiduciary management strategies for defined benefit plans, defined contribution plans, endowments, foundations and other balance sheet assets. For more information, visit www.seic.com/institutions.
SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $402 billion in mutual fund and pooled assets and manages $164 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.