AIM Investments Launches AIM CHOICE Retirement Program

February 1, 2005 ( - AIM Investments has announced the launch of the AIM CHOICE retirement program.

The system is designed to combine the company’s recordkeeping and account services with the administrative and consulting services of a third party administrator (TPA) or retirement provider, according to a company press release. It is available for 401(k) plans, money purchase plans and profit sharing plans, according to the company.

AIM’s recordkeeping system – which includes automated participant enrollment, online payroll contributions, plan- and participant-level reports, tax reporting, state withholding and online access for affiliated service providers – is meant to be leveraged by this new service, according to the company.

AIM Management Group Inc. ( ) is a subsidiary of AMVESCAP PLC, an independent global investment manager.