BISYS has been selected to support the private-labeled Individual(k) retirement savings program launched by Equity Trust Company (ETC), an affiliate of Mid Ohio Securities which provides self-directed individual retirement accounts and small-business retirement plans.
BISYS’ Individual(k) administration and recordkeeping solution will support ETC’s balance forward Individual(k) plans with product training, plan installation services, marketing materials, recordkeeping, Web site content and support, and participant statements and year-end reporting.
“BISYS provides the high-quality, technology-driven services we need in today’s competitive business environment,” says Gary Elsmore, brokerage manager of ETC. ” Its experts fundamentally understand and can respond to our evolving needs in this dynamic segment of the retirement industry. BISYS provides a proven, extremely flexible, customized Individual(k) administration and recordkeeping solution that efficiently accommodates unique investment offerings, including real estate and private notes, that make ETC and our retirement savings programs competitively distinct.”
Christopher Guarino, president of BISYS Retirement Services, added: “We welcome the opportunity to support Equity Trust Company’s strategic entrance into this segment of the financial services industry, and believe our comprehensive Individual(k) platform and leading-edge technology will enable ETC to aggressively compete and prosper in this growing marketplace. We also expect the professional support services inherent in our Individual(k) solution will generate substantial benefits and convenience for ETC’s plan participants.”
Equity Trust Company is the thirteenth financial services firm to implement BISYS’ Individual(k) solution since January 2002