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American Skandia Endorses BISYS TPA Services

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NU Online News Service, Sept. 26, 12:40 p.m. – American Skandia, Shelton, Conn., has designated the BISYS Group Inc., New York, as a preferred third-party administrator.

American Skandia will now recommend BISYS services to retirement plan sponsors that manage about $300 million in retirement assets.

BISYS can provide plans and participants with valuation services, recordkeeping services, Web services and call-center services.

American Skandia is a unit of Skandia Insurance Company Ltd., Stockholm.