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. ( www.aiminvestments.com ) is a subsidiary of AMVESCAP PLC, an independent global investment manager.
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