BISYS says it has expanded its relationship with Morgan Stanley. In addition to supporting Individual(k) plans offered by Morgan Stanley, BISYS will now support the 401(k) plans Morgan Stanley’s financial advisors sell with prototype plan design and maintenance, plan administration, forms and documents, customized marketing and sales support materials, reference resources, toll-free access to industry expertise and assistance, extensive Web and interactive voice response (IVR) inquiry capabilities, Web-based planning tools and content, and staff training and development.
“In December 2002, we selected BISYS to support our retirement plans for self-employed business owners with its Individual(k) recordkeeping and administration solution,” says Ray Smesko, executive director of Retirement Solutions for Morgan Stanley. “Based on our day-to day experience working with BISYS, its proven ability to deliver on its commitments, and our thorough evaluation of its high quality servicing solution for traditional 401(k) plans, we elected to expand our strategic relationship with BISYS and leverage its sophisticated 401(k) platform. We believe BISYS’ flexible servicing solutions for 401(k) plans will nicely complement our existing offerings and provide additional consultative opportunities for our financial advisors.”