Citigroup Inc. said it plans to roll out a new 401(k) program that includes selected funds from the three families under its SSB Citi Asset Management Group umbrella.

The move would "maximize Citi's potential" as a 401(k) provider by offering more choices to plan sponsors, said Laurie A. Hesslein, an executive vice president at Salomon Smith Barney Inc. and head of U.S. mutual funds for SSB Citi Asset Management. She spoke to American Banker at the mutual fund industry's annual conference here.

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