Vested Interest: 25 Years Strong!

In 1992, Johnny Carson retired from The Tonight Show, William Jefferson Clinton was elected our 42nd president and the Lethal Weapon movie franchise premiered its third installment.  In the same year, PNC introduced Vested Interest to the defined contribution marketplace.

PNC is proud of the progress we’ve made over these 25 years, and the success we’ve achieved.  More importantly, though, we are honored to have earned the trust and confidence of the clients we serve.

We invite you to take a moment and share with us this brief journey down memory lane.

1992 — Introduced Vested Interest, with four employees and one Director.

1993 — Converted our first retirement plan, which remained with PNC until the company was purchased and subsequently dissolved in 2007.

1995 — Reached $1 billion in assets under administration.

1998 — Rolled out www.retirementdirections.com website, which began with inquiry-only functionality.

2003 — Migrated client servicing to dedicated service teams (Relationship Manager, Account Manager and Employee Education Consultant).

2012 — Converted nearly 100 plans.

2013 — Passed $10 billion in assets under administration.

2014 — Offered in-plan Roth conversions.

2015 — Reached $12 billion in assets under administration.

2016 — Surpassed $13 billion in assets under administration, serving 835 plans and over 244,000 participants.

2016 — Single client plan hit $1 billion in assets.

2016 — Launched multi-year initiative to enhance Retirement Directions website, including new Plan Health reporting capability for plan sponsors.

2016 — Introduced Fiduciary Investment Services.

2016 — Won Plan Sponsor Council of America first place award for employee education.

2017 — Rolled out a new series of targeted employee education campaigns to promote enrollment, and raise contribution rates and retirement readiness.

2017 — Won Pensions & Investments first place award for employee education campaign

2017 — PNC Retirement Solutions named one of the top 10 organizations for Defined Contribution Asset Growth by PLANSPONSOR®.

2017 — Achieved $15 billion in assets under administration.

As the timeline suggests, PNC Retirement Solutions continues to devote unrelenting energy to maintaining Vested Interest’s position as an industry-leading defined contribution platform.  We started this business guided by the belief that if we provide plan sponsors with a great product and superior service at a fair cost, we would do well.  Our experience these last 25 years has made that belief stronger than ever.

Thank you for entrusting us with your retirement plan.

Inside Vested Interest®

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Important Legal Disclosures and Information

The material presented in this newsletter is of a general nature and does not constitute the provision by PNC of investment, legal, tax, or accounting advice to any person, or a recommendation to buy or sell any security or adopt any investment strategy. Opinions expressed herein are subject to change without notice. The information was obtained from sources deemed reliable. Such information is not guaranteed as to its accuracy.

The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment activities conducted through PNC Bank, National Association (“PNC Bank), which is a Member FDIC, and through PNC’s subsidiary PNC Capital Advisors, LLC, a registered investment adviser (“PNC Capital Advisors”). PNC Bank uses the marketing names PNC Retirement Solutions® and Vested Interest® to provide defined contribution plan services and PNC Institutional Advisory Solutions® to provide discretionary investment management, trustee, and other related services. Standalone custody, escrow, and directed trustee services; FDIC-insured banking products and services; and lending of funds are also provided through PNC Bank. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors.

“Vested Interest,” “PNC Institutional Asset Management,” “PNC Retirement Solutions,” and “PNC Institutional Advisory Solutions” are registered service marks of The PNC Financial Services Group, Inc.

Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.