« Back | Press release: November 19, 2013

Putnam Investments defined contribution receives 47 "Best in Class" service awards in industry survery

BOSTON, November 19, 2013 — Putnam Investments announced it has received 47 "Best in Class" honors in the 2013 PLANSPONSOR Defined Contribution Survey — receiving an award in every category of service evaluated. The annual survey is considered to be one of the retirement industry's leading indicators of plan sponsor and participant satisfaction with the services offered by their 401(k) provider.

"We are pleased to be recognized with this slate of best in class honors, which we view as validation of Putnam's long-time, deep commitment to delivering the highest quality retirement offerings to plan sponsors and their employees," said Edmund F. Murphy III, head of defined contribution for Putnam. "Our firm takes great pride in its tradition of providing retirement clients with high-touch, innovative services, which we seek to bring to each and every relationship that we have."

The awards reflect the reviews of 82 plan sponsors who are clients of Putnam and who were surveyed confidentially. More than 96% of Putnam's clients said they would recommend Putnam to other plan sponsors, with 77% saying they are "extremely likely" to do so.

Putnam's approach to the 401(k) marketplace has been to build an interactive user experience for plan participants that seeks to shift focus beyond current account balances and allocations, and toward estimated monthly income needs in retirement. In September, Putnam announced that it would provide 401(k) participants access to personal financial wellness services, including planning tools for budgeting and savings, starting in early 2014. The services will add to the company's Lifetime Income experience, built around Putnam's Lifetime IncomeSM Analysis Tool (LIAT) and its Health Cost Estimator, which helps plan participants estimate their potential future health-care costs in retirement.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 75 years of investment experience. In February, the firm was named #1 Mutual Fund Family by Lipper/Barron's based on the firm's 2012 performance across asset classes. At the end of September 2013, Putnam had $145 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Beijing, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.


PLANSPONSOR magazine, an Asset International, Inc. publication, is the USA's leading authority on retirement issues and benefits programs. PLANSPONSOR.com provides comprehensive news and commerce services dedicated solely to helping employers and financial advisers navigate the complex world of retirement plans and benefit programs on behalf of their employees or clients. For more information, see www.plansponsor.com.

2013 PLANSPONSOR Magazine Survey. Survey is based on 82 responses from Putnam plan sponsors. Quartile rankings are for plans between $5M and $200M. Past performance is no guarantee of future results.

IMPORTANT: The projections, or other information generated by the Lifetime Income Analysis Tool regarding the likelihood of various investment outcomes, are hypothetical in nature. They do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time. The analyses present the likelihood of various investment outcomes if certain investment strategies or styles are undertaken, thereby serving as an additional resource to investors in the evaluation of the potential risks and returns of investment choices.

Each simulation takes into account the participant's current plan balance and investment mix, as well as his or her age, income, retirement date, contribution rate, likely future savings, and estimated Social Security benefit. The tool runs over 50 billion market simulations to provide an estimate of a monthly income likely to be generated at retirement. The Lifetime Income Analysis Tool is an interactive investment tool designed for Putnam 401(k) participants to illustrate the estimated impact of a participant's plan balances and projected savings on income in retirement. The tool takes into account both before-tax and after-tax accumulated balances and future regularly scheduled contributions for estimated projections. It cannot account for dramatic changes in a participant's personal situation, including unexpected expenses and other financial situations that may negatively affect one's estimated monthly income in retirement. You are advised to consider your other assets, income, investment options, investment time horizon, income tax bracket, and risk tolerance when planning for specific investment goals. It is recommended that you consult a financial advisor for more information. It is important to note that the results from this tool are estimates based on what you input today. The results are not a guarantee of actual outcomes and will change as your inputs change.

Health-care costs and projections are provided by HealthView Services, Inc., a third-party vendor. They provide broad, general estimates and information that may help you consider your retirement income needs by better understanding potential health-care costs. This estimate is provided for educational purposes only, and you should not rely on it as the primary basis for your medical, insurance, investment, financial, retirement, or tax planning decisions. Costs are estimated, hypothetical in nature, and not guaranteed. Your actual medical costs will likely vary (sometimes significantly) from the estimates. Putnam does not believe that HIPAA applies to the data obtained from plan participants using this new tool.

Request a prospectus, or a summary prospectus if available, from your financial representative or by calling Putnam at 1-800-225-1581. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

Putnam Investments Media Contacts:

Jon Goldstein — 617-760-1127 (office), 516-946-5598 (cell), [email protected]
Laura McNamara — 617-760-1108 (office), 617-850-2727 (cell), [email protected]

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