Administration June 8, 2004

BISYS Begins Serving BNC K Plans

August 18, 2003 (PLANSPONSOR.com) - 401(k) plans previously under the service umbrella of The Benefit National Companies (BNC) will now by serviced by business process outsourcer BISYS.
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BISYS will assume the recordkeeping responsibilities for approximately 1,700 clients of AIM Investments, which are currently serviced through BNC, according to a news release.    BISYS brings to the table a suite of retirement plan services that includes:

  • administration
  • daily valuation
  • recordkeeping
  • employee communications
  • ongoing sales support
  • extensive interactive voice response (IVR) capabilities.

BISYS will also support AIM Investments’ ongoing sales initiatives for the new small plan retirement product that is being sold through its broker-dealer relationships, according to a news release.

In addition, BISYS will support retirement plan sponsors with the online tools and resources provided by its Sponsor inSight Web site, and plan participants with Web-based access to plan- and participant-level information, reporting, and transaction processing capabilities.

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