METLIFE RESOURCES SELECTED TO PROVIDE 457(b) PLAN TO COUNTY EXECUTIVES OF AMERICA
NEW YORK, January 16, 2007
MetLife Resources, a division of MetLife, announced today that it has been selected by County Executives of America (CEA) as a provider of 457(b) deferred compensation plans to more than 700 elected county officials across the U.S.
MetLife’s relationship with CEA began in November 2006 when CEA offered members an expanded worksite benefits program, including 125/FSA administration for their employees.
As part of the newly expanded relationship, MetLife Resources will assist CEA members with an evaluation of current employee benefits programs and discuss possible enhancements designed to help attract and retain county employees by addressing common financial and protection planning issues.
In addition, a team of financial services representatives will provide employees with a wide range of one-on-one support at the worksite location. These MetLife associates can help employees understand their benefit choices, including 457(b) plans, expanded workplace benefits offerings, and supplemental options outside of the workplace program.
"Over the last year, MetLife Resources has significantly built up its infrastructure to support future growth in the 457(b) deferred compensation market," said Thomas G. Hogan, Jr., senior vice president and head of MetLife Resources. "We are pleased to be recognized by CEA for the value we provide, not only with respect to retirement plans and education, but also by understanding their employees and their overall benefits needs."
"In addition to participating in the MetLife 457 (b) plan offerings, the relationship with CEA will enable their members to take full advantage of the full breadth of products and services MetLife has to offer," Hogan added. "By partnering with other organizations across our enterprise, MetLife Resources can provide an array of benefits solutions to all CEA members, regardless of their organization’s size or location."
"By selecting MetLife as a CEA 457(b) provider, we are able to offer our members a more comprehensive employee retirement and benefits program to help address the financial needs of employees," says CEA executive director Michael Griffin. "MetLife’s capabilities and proven record of achievement in workplace benefits make them an ideal provider."
The CEA is a non-partisan organization that includes a membership of over 700 chief elected executives of a county or consolidated city/county government. The CEA represents more than 50% of the nation’s population and includes the largest metropolitan governments in the U.S.
MetLife Resources, a division of MetLife (Metropolitan Life Insurance Company), provides retirement plan and other financial services to healthcare, education, and not-for-profit organizations. MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement & savings products and services to corporations and other institutions. For more information, please visit www.metlife.com.