TUPELO, Miss., April 16, 2012 /PRNewswire/ -- Renasant
Employee Benefit Solutions (R.E.B.S.), a division of Renasant Bank
headquartered in Tupelo, MS, has
been recognized by MyPlanIQ, a retirement investment information
and rating company, as having a 100% fund quality rating as of
March 31, 2012. R.E.B.S. model
portfolio resulted in Renasant Bank's 401(k) plan being rated the
highest among thousands of 401(k) and annuity retirement plans that
MyPlanIQ ranks. R.E.B.S. provides retirement plan services,
such as 401(k) plans, to a wide variety of businesses and
organizations.
"MyPlanIQ performs rigorous quantitative evaluation on
investment funds available in hundreds of thousands of retirement
plans in our database. We derive a plan's rating using three
metrics: diversification, fund quality and portfolio building
capability," said John Zhong, CEO
& Founder of MyPlanIQ. "We are pleased to see that
Renasant's 401(k) program attains the highest fund quality score as
well as an excellent plan rating. As more and more Americans rely
on investments in their retirement plans to fund future retirement
needs, a well designed retirement plan such as Renasant's 401(k)
becomes more important."
"We believe that due diligence and manager selection are
important sources of alpha in a well designed portfolio strategy,"
said Rocky Miskelly, Renasant
Director of Wealth Management and Executive Vice
President.
All of the funds within the 401(k) platform are institutional
funds that have undergone a rigorous screening process. By using
exclusively institutional funds, Renasant is able to refuse
compensation from mutual fund providers thereby removing any
conflict of interest when selecting funds to be used within the
portfolio.
"Our 401(k) program is highly diversified across asset classes
and is derived from multiple fund families," said Miskelly.
"Furthermore, our proprietary process of selecting funds
gives Renasant's clients a plan with funds that meet the highest
fiduciary standards set by the Center for Fiduciary Studies."
For more information on R.E.B.S. and other Renasant wealth
management solutions, contact Cathy
Fitzpatrick at (662) 680-1207 or
cfitzpatrick@renasant.com. For more information on My Plan
IQ, please visit www.myplaniq.com.
ABOUT RENASANT CORPORATION:
Renasant Corporation is the parent of Renasant Bank and Renasant
Insurance. As of December 31,
2011, Renasant had assets of approximately $4.2 billion and operates over 75 banking,
mortgage, financial services and insurance offices in Mississippi, Tennessee, Alabama and Georgia.
ABOUT MYPLANIQ:
MyPlanIQ is an online application and information portal for
retirement investments. It provides ratings and asset allocation
portfolios for retirement plans. MyPlanIQ regularly publishes news
and articles on topics including portfolio buildings, ETF/mutual
funds, retirement planning and personal finance. It is based in
Los Altos, California.
WWW.RENASANTBANK.COM
CONTACT: John Oxford
Phone (662) 680-1219
SOURCE Renasant Corporation