M&I Starts Up Financial Engines Advice

June 28, 2001 (PLANSPONSOR.com) - Milwaukee, Wisconsin-based Marshall & Ilsley Trust Company will offer its plan sponsor clients, and their plan participants, access to Financial Engines Investment Advisor online advice service.

Marshall & Ilsley will extend the option to the 750 plan sponsor clients and more than 325,000 participants who use the firm’s recordkeeping services.

M&I chose to offer participant advice following a survey of a core group of sponsors that indicated more than half (53.5%) wanted to offer advice to their participants.

For those plans that choose the option, participants will access the service through a link on Marshall & Ilsley Trust Company’s web site. Marshall & Ilsley Trust Company, using SunGard’s OmniPlus recordkeeping software, will provide Financial Engines with plan-specific information, including the pre-population of data from current participant account balances.