01.02.2005 15:40:00
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AIM Investments Launches AIM CHOICE Retirement Service for Third-Party
Business Editors
HOUSTON--(BUSINESS WIRE)--Feb. 1, 2005--AIM Investments announced today the launch of the AIM CHOICE retirement program, an interactive system designed to combine AIM's daily recordkeeping and account services with the administrative and consulting services of a third-party administrator or retirement service provider.
The AIM CHOICE program is available for 401(k) plans, money purchase plans and profit sharing plans. It was designed and developed by AIM Investments and allows users to leverage AIM's recordkeeping system, which provides:
-- | Automated participant enrollment |
-- | Online payroll contribution submission via AIMinvestments.com |
-- | Plan- and participant-level reports |
-- | Tax reporting |
-- | State withholding where applicable |
-- | Online access and reporting capabilities for affiliated service providers. |
"AIM CHOICE allows our business partners to provide a recordkeeping retirement program to better meet their clients' needs," said John Cooper, Director of Institutional Sales and Tax-Advantaged Products for A I M Distributors, Inc. "The program is customizable to provide both investment and servicing solutions."
Plan administrators may select from 15 AIM fund options.
About AIM Investments
Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios under the AIM and INVESCO brand names - mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $138 billion in assets under management as of Dec. 31, 2004. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments.
About AMVESCAP
A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $382 billion in assets under management as of Dec. 31, 2004, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.
Note to editors -- We are required to include the following information with our news release:
Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM or INVESCO fund, please obtain a prospectus from your financial advisor and read it carefully before investing.
A I M Distributors, Inc., Distributor.
--30--AA/ho*
CONTACT: AIM, Houston James Aber, 713-214-7928 james.aber@aiminvestments.com or David Bachert, 713-214-1465 david.bachert@aiminvestments.com
KEYWORD: TEXAS INDUSTRY KEYWORD: BANKING SOFTWARE NETWORKING PRODUCT SOURCE: AIM
Copyright Business Wire 2005
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