Administration November 6, 2002
BISYS Enters 529 Plan Market
June 11, 2002 (PLANSPONSOR.com)- BISYS is partnering
with Ohio-based One Group Administrative Services to provide
portfolio accounting for One Group's 529 college-savings
plan.
Reported by Nicole Halsey
One Group Administrative Services began offering the CollegeChoice 529 Investment Plan earlier this year. CollegeChoice 529 Investment Plan currently has more than 8,000 participants and approximately $47 million in assets.
The plan offers investment portfolios managed by Banc One Investment Advisors, the investment advisor to One Group Mutual Funds.
The Indiana Education Savings Authority chose One Group Administrative Services to administer the529 plan, and in turn, BISYS was selected to perform the portfolio accounting functions.
One Group is a subsidiary of Bank One Corporation.