Societe Generale’s U.S. savings and investment retirement plan has selected Putnam Investments to manage its $220 million defined contribution plan.

Putnam will provide investment choices, recordkeeping, communication, education and new participant and plan sponsor websites.

“Societe Generale chose Putnam for several reasons, including its competitive pricing, award-winning customer service and education programs, open architecture and ability to improve administrative efficiencies,” said William R. Chetney, president and CEO of National Retirement Partners, who is advisor to the plan. “They were also impressed with the enhancements Putnam made earlier this year to its defined contribution program, including a significant investment in new outcome-oriented web tools.”

Putnam currently serves approximately 21,000 retirement plans.

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