CitiStreet to Act as Fleetwood Administrator

Housing manufacturer Fleetwood Enterprises has selected CitiStreet to administer the company's 401(k) plan. With almost 10,000 participants, the plan has about $300 million in assets.

CitiStreet will be providing plan administration, recordkeeping, customer service, communications and education for the plan.

"We selected CitiStreet because the breadth and quality of the administrative services they offer appear to be a very good match for a plan of our size and complexity, and for their reputation for excellence in recordkeeping," said Betsy Gealogo, Fleetwood's retirement plan manager.

CitiStreet's fee transparency and its flexible technology also influenced the decision, Fleetwood indicated.

"We look forward to working with Fleetwood to meet its specific needs, and to helping its participants meet their retirement savings goals," said Sandy McCarthy, CitiStreet president of retirement services.