MINNEAPOLIS--(BUSINESS WIRE)--April 6, 2006--U.S. Bank
Institutional Trust & Custody is now offering Morningstar(R)
Retirement Manager(SM) to its plan sponsors so their employees have
the resources and support they need to help make an affordable
retirement a reality. This service includes professional investment
management and continual oversight for people who don't have the time,
experience, expertise or desire to manage their retirement account
"Providing this valuable service is part of the U.S. Bank
Institutional Trust & Custody team's continued commitment to listening
to its clients and their needs, then providing a variety of fund
options, resources and tools to help make retirement planning easier,"
said John Paulus, senior vice president for U.S. Bank Institutional
Trust & Custody's Retirement Plan Services. "Offering this service is
vital at a time when many American workers are not saving enough to
meet the goal of a comfortable retirement."
With the managed accounts service of Morningstar Retirement
Manager, Morningstar Associates creates a personalized investment
portfolio that fits each participant's financial situation, evaluates
the portfolio quarterly, manages the deferral percentage and
investment allocation, and rebalances the portfolio as needed to help
make sure that the appropriate investment options are selected, and
progress is being made toward meeting the participant's retirement
Plan sponsors who offer managed accounts through Morningstar
Retirement Manager benefit as well. Because Morningstar Associates
acts as an investment manager, Morningstar takes on fiduciary
responsibility for the advice it provides.
To learn more about Morningstar Retirement Manager, or the other
services and tools available for Retirement Plans, visit
Morningstar Associates, LLC, is a leading provider of investment
advisory services to the retirement plan industry. Morningstar
Associates is a registered investment advisor and wholly owned
subsidiary of Morningstar, Inc., a leading provider of independent
U.S. Bank Institutional Trust & Custody is a division of U.S. Bank
N.A. that focuses on retirement, investment, trust and custody
services for institutional clients. Its product offerings include
retirement plans (401(k), profit sharing or money purchase pension
plans, and defined benefit), institutional trust and custody, master
trust services and health savings accounts.
U.S. Bancorp (NYSE:USB), with assets of $209 billion, is the 6th
largest financial holding company in the United States. The company
operates 2,419 banking offices and 5,003 ATMs, and provides a
comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. U.S. Bancorp is the parent company of U.S. Bank.
Visit U.S. Bancorp on the web at www.usbank.com.
CONTACT: U.S. Bank
Amy Frantti, 612-303-0733
SOURCE: U.S. Bank