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Products April 6, 2003
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.
Reported by Camilla Klein
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.