MINNEAPOLIS - American Express Retirement Services introduced software with user-friendly browser technology that allows plan sponsors to gain access to all of their outsourced retirement information from their desktop computer.
The ExpressLink software allows plan sponsors to obtain information about participant accounts and to develop customized reports, view standard reports on-line and to correspond with their American Express account team via e-mail and track participant call center activity.
The program provides comprehensive data using a browser interface via a secure direct link with American Express rather than through the Internet.
In addition, ExpressLink allows plan sponsors to query the Amex database in plain English without the need for complex computer instructions.
MFS offers 401(k) program
BOSTON - MFS Retirement Services Inc. has formed a new turnkey 401(k) product for plans with $10 million or more in assets and has formed a dedicated department to administer the program.
The bundled program includes administration, record keeping, investment management, communications and plan design assistance for midsize and larger plans.
The new department, called Corporate Plan Services, is headed by Carol Geremia, senior vice president.
Investment options include more than 30 MFS funds.
Corbin starts new fund
FORT WORTH, Texas - Corbin & Co. Capital Management, Fort Worth, will launch for the 401(k) market a small-capitalization mutual fund patterned on its small-cap value investment approach.
The Corbin Small-Cap Value Fund is designed to appeal to 401(k) and other qualified plans targeting the small-cap value sector.
The fund will offer daily valuation and will use the Russell 2000 and Standard & Poor's 600 small-cap indexes as benchmarks.
AmeriPrime Financial Services, Southlake, Texas, will serve as fund administrator.
Star Bank, Cincinnati, will provide custodial services. The fund will hold about 20 value stocks with market caps of less than $2 billion.