Press Release
BISYS Retirement Services Selected by Enterprise Capital Management
NEW YORK -- January 23, 2002 -- BISYS, a leading national provider of outsourcing services to the financial services sector, today announced that it has been selected by Atlanta-based Enterprise Capital Management to provide record keeping and administrative support services to the Enterprise 401k product. BISYS will convert Enterprise's full-service 401k plans, which are currently supported by another record keeping firm, to its platform and provide an array of enhanced record keeping services, including access to its sophisticated Internet and voice response telephone services, daily valuation trading platform, and multiple fund family offerings.
BISYS was selected based on its value-added product consulting. Alan Patterson, vice president of Retirement Services at Enterprise, reported, "BISYS' product flexibility and creative problem solving is exactly what we were looking for in an outsourcing alliance. Our strategic goal is to expand our 401k capabilities and BISYS provides the technology, the enhanced service levels, and the expertise necessary to accomplish this goal."
According to Christopher Guarino, president of BISYS' Retirement Services, "We are pleased to join forces with this industry-leader. We are confident that BISYS' mission to support our financial partners with leading-edge capabilities will bolster Enterprise's proven commitment to the retirement market. Together, BISYS and Enterprise can deliver value-added retirement plan solutions to this growing market segment."
About Enterprise
The Enterprise Group of Funds helped pioneer the concept of providing retail investors with special access to leading institutional investment money managers for each investment style and sector. Comprised of 25 funds, Enterprise also provides companies with a complete line of retirement choices tailored to meet their specific needs. Options include 401k, pension and profit sharing plans, SEP (simplified employee pension), SIMPLE (saving incentive match for employees), and 403(b) plans (non-profits and public schools).
Enterprise Capital Management, Inc., the registered investment adviser for both The Enterprise Group of Funds and Enterprise Accumulation Trust, currently manages approximately $7 billion in assets and is a member of The MONY Group Inc., a holding company for its member companies, which provides financial protection and asset accumulation products and services. Enterprise Accumulation Trust offers separate investment portfolios that serve as the underlying funding vehicles for variable annuity contracts and variable life insurance policies, with shares of these portfolios not offered directly to the public.
For more complete information about The Enterprise Group of Funds, including fees and expenses, please call for a prospectus or download a prospectus from the Enterprise Web site at http://www.enterprisefunds.com. Read it carefully before you invest or send money. Distributing broker/dealer: Enterprise Fund Distributors, Inc. 1-800-432-4320.
About BISYS' Retirement Services
BISYS is a leading provider of retirement services, providing plan administration services to approximately 15,000 retirement plans with approximately 1.3 million participants. BISYS also supports approximately four million IRA holders and approximately 400,000 employers with plan documents and various ancillary support services, and trains approximately 12,000 industry professionals annually.
Financial services and investment management companies are efficiently supporting retirement plan sponsors, participants, and IRA holders; increasing sales; and managing plan-related costs with BISYS' technology-based solutions. These customized, turnkey services include prototype plan design and maintenance, plan administration, forms and documents, customized marketing and sales support, reference resources, training and development, and Web-based planning tools and content.
About BISYS
The BISYS Group, Inc., headquartered in New York, N.Y., supports more than 20,000 financial institutions and corporate clients through three integrated business units. Its Investment Services group administers and distributes approximately 120 families of mutual funds with more than 1,200 registered and non-registered funds, provides retirement services to approximately 15,000 companies in partnership with 35 of the nation's leading banks and investment management companies, and offers regulatory consulting services. The Insurance and Education Services group provides distribution solutions for annuities and life, long-term care, and disability insurance products; offers certification and continuing education training for insurance and investment professionals; and provides licensing-related software products and services. BISYS' Information Services group provides information processing and check imaging solutions to more than 1,150 financial institutions. Additional information is available at http://www.bisys.com.
Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, government and technological factors affecting the Company's operations, markets service and related products, prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission.
Investments in mutual funds are not FDIC insured, not bank guaranteed, and involve risks, including the possible loss of principal amount invested.
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