Comerica Retirement Services said Wednesday that it had formed alliances with 11 providers of retirement plans and services.
The alliances create a virtual marketplace for defined contribution, defined benefit, and nonqualified deferred compensation products intended for sponsors with $1 million to $200 million of plan assets, the company said. The retirement services group is part of the Detroit banking company's wealth and institutional management division.
The 11 providers are: Fidelity Investments, Diversified, Massachusetts Mutual Life Insurance Co., Principal Financial Services Inc., MFS Investment Management, Scudder Investments, Daily Access Corp., Transamerica Retirement Services, the John Hancock unit of Manulife Financial Corp., Nationwide Financial Services Inc., and ING Group NV.
