American Skandia hired BISYS Retirement Services to perform record...

American Skandia hired BISYS Retirement Services to perform record keeping for the defined contribution plan sponsors serviced by American Skandia, said Marianne V. Stochmal, American Skandia spokeswoman. BISYS replaces Trustar, which took over record-keeping services after American Skandia announced it was leaving the business in April. Trustar also is leaving the defined contribution full-service record-keeping business. American Skandia will continue to do the investment management work for the $300 million in defined contribution plan assets it manages, said Christopher Guarino, president of BISYS Retirement Services.