DTE ENERGY COMPANY SELECTS SYNHRGY HR TECHNOLOGIES AS ITS PENSION OUTSOURCING PROVIDER
Synhrgy's Integrated Pension Administration offering provides DTE with a cohesive yet cost-effective end-to-end pension administration solution that will enable each current employee and retiree to take greater control over his or her individual pension program. By incorporating tools like Synhrgy's i|PA Pension Manager, DTE Energy employees will now have the ability to model and generate their own retirement estimates, change tax elections and update their personal information – all from the privacy of their home or work computer. Additionally, by outsourcing their pension administration to Synhrgy, DTE Energy's HR professionals will be relieved of much of the paperwork surrounding pension administration and have more time to focus on the company's overall strategic human capital management issues.
Richard J. Lueders, Director, Compensation and Benefits at DTE Energy added, "We chose Synhrgy because we recognized its level of commitment and willingness to meet our specific needs. Synhrgy's benefit plan expertise, technology, ease of implementation, capacity to handle multiple plan offerings and quality of service were drivers in our decision-making. The selection of Synhrgy as our service provider fits well with our HR strategy to be consistently benchmarked as a producer of "Best Company" results by 2004. Synhrgy's cost-effective solutions and services and its commitment to our employees' and retiree's needs set it apart."
"We are very pleased to partner with DTE Energy," says Dave Carlson, Chairman and CEO, Synhrgy HR Technologies, Inc. "Synhrgy has a great track-record in building relationships with dynamic organizations like DTE Energy by providing them with both advanced HR technology solutions and best practice services and customer support. I am certain that DTE Energy's employees and retirees will see an increase in quality and innovation in the services delivered."
About Synhrgy
Synhrgy HR Technologies, Inc., headquartered in Houston, Texas, provides human resources technology and outsourcing services to Fortune 1000 companies. Synhrgy employs technology to transform its clients' Human Resources departments into knowledge-driven organizations focused on supporting corporate strategy while delivering strong ROI, rather than transaction processors and administrators. Synhrgy's comprehensive Integrated HR offering combines technology, service delivery and program management to support processes within these functional domains: Integrated Health & Welfare, Integrated Absence Management, Integrated Pension Administration, Integrated Workforce Administration and Integrated Compensation & Performance Management. More information is available at www.synhrgy.com.
About DTE Energy
DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, and MichCon, a natural gas utility serving 1.2 million customers in Michigan. Information about DTE Energy is available at http://www.dteenergy.com.