733 Marquette Ave. S., Minneapolis, MN 55402; www.americanexpress.com/401k
(No. of participants)
Total 1,130,755
Bundled (inc. in-house asset mgmt.) 730,755
Investment mgmt. only 400,000
Participants served exclusively 730,755
Bundled services 730,755
SERVICES PROVIDED
Plan design
Employee meetings
Generic employee investment education
Customized employee investment education
Generic employee communications
Customized employee communications
Compliance and reporting
Consulting services
INVESTMENT MANAGEMENT SERVICES
Daily valuation
Total defined contribution assets: $39.7 billion
In-house investment management services are provided through:
Internally managed mutual funds
Internally managed commingled funds
Internally managed separate accounts
GICs
External investment management services are provided through:
Private label mutual funds
American Express Retirement Services provides services to 431 sponsors: 276 for bundled services (including in-house investment management); and 155 for investment management only.
It offers account balances, account transfers, 24-hour access, foreign language capability, changes to current/future allocations, loan request/processing, performance data, fund information, and retirement planning assistance, through its Web site.
It has investment management partnerships with AIM, American Century, Baron, Brinson, Founders, Franklin Templeton, INVESCO, Janus, Neuberger & Berman, Nicholas-Applegate, Oppenheimer, PBHG, PIMCO and Wright.
John Rowe is client contact.
