Northern Trust Retirement Consulting L.L.C. to Provide Defined Benefit Outsourcing for CTS Corporation

Northern Trust Retirement Consulting, L.L.C. (NTRC), a wholly owned subsidiary of Northern Trust Corporation (Nasdaq: NTRS), announced today that they were selected by CTS Corporation (NYSE: CTS) to provide outsourced defined benefit and retiree health and welfare administration. NTRC will service approximately 6,000 plan participants in six defined benefit pension plans.

Defined benefit outsourcing services include plan administration, benefit payments, employee communications and education support, and participant servicing via Northern Trust Retirement Passport(SM). Retirement Passport's intuitive design provides plan participants with 24-hour web access to plan inquiry, transaction, and financial planning and advice tools utilizing the latest web-based technology.

"The servicing of employee retirement plans is becoming increasingly complex and high-tech," said James L. Cummins, Vice President, Human Resources, CTS Corporation. "We selected Northern Trust Retirement Consulting because of their robust technology solutions and knowledgeable staff, and we look forward to providing our participants with the latest technology-based tools and capabilities to maximize their pension plan benefits."

CTS Corporation (NYSE: CTS) is a leading manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company employs over 9,000 people at 19 facilities in North America, Europe and Asia. The Company's web site can be found at www.ctscorp.com .

Northern Trust Corporation ( www.northerntrust.com ) is a multi-bank holding company with worldwide locations and a leading provider of retirement, master trust and custody, treasury management, risk and performance, international and investment management services for corporations, large institutions, and individuals. As of December 31, 2000, Northern Trust had $1.68 trillion in assets under administration, over $338 billion in assets under management, and serviced over 2 million plan participants.

SOURCE Northern Trust Retirement Consulting L.L.C.