OAKS, Pa., Oct. 14 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that one of the company's institutional clients -- Meda Pharmaceuticals -- was recognized with the "Solutions Superstar" award by EmployersWeb. The award honors Meda for their outstanding and innovative defined benefit plan management including asset allocation changes and strategies aimed at matching the duration of invested assets with the plan's liabilities.
The Solutions Superstar for Most Innovative Plan Design from EmployersWeb.com recognizes the strongest examples within corporate America of excellent plan design management. Meda was honored with the award, in part, because it successfully met its goal of providing stability and predictability to its plan contributions. The company implemented a dynamic investment management strategy designed to proactively evaluate asset allocations and utilize investment products aligned with their organizational goal of minimizing contribution volatility.
"Meda Pharmaceutical's pension and finance professionals should be commended for their strategic decision-making," said Roger Messina, Vice President and Managing Director, Relationship Management for SEI's Institutional Group. "Their vision for creating stability in their defined benefit pension plan is a model for others to follow. SEI is proud to partner with Meda in helping improve their financial management of the plan and we applaud their efforts."
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 over 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 June 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $360 billion in mutual fund and pooled assets and manages $136 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.
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