American Express Promotes 401k Day With Education; Financial Education Programs Integrate PSCA's Annual Event.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Aug. 13, 2002 American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Retirement Services announced today that its Financial Education & Planning Services (FEPS FEPS Federation of European Physiological Societies FEPS Formation and Evolution of Planetary Systems FEPS Faculty of Economics and Political Science (Cairo University) FEPS Facility and Equipment Planning System ) unit will be participating in 401(k) Day, an annual celebration spotlighting the importance of employer-sponsored profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of and 401(k) plans. FEPS will provide educational programs and services to individual client companies that choose to observe 401(k) Day, which will be celebrated September 3, 2002 and is sponsored by the Profit Sharing/401(k) Council of America (PSCA PSCA Profit Sharing/401(K) Council of America PSCA Philippine School of Culinary Arts PSCA Protein Sequence Comparative Analysis PSCA Parts Stress Count Analysis (British Telecom) ). "It's important that employers, plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. and even non-participating employees take an annual look at their retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. and the retirement plan benefits offered in the workplace," said Rusty Field, vice president of Financial Education and Planning Services. "The PSCA's annual event has become a regular checkpoint (programming) checkpoint - Saving the current state of a program and its data, including intermediate results, to disk or other non-volatile storage, so that if interrupted the program could be restarted at the point at which the last checkpoint occurred. for some of our clients, highlighting the benefits of the retirement plan and the need for employees to annually assess their savings progress. It's often a major educational opportunity each year." Plan sponsors can choose from one of two PSCA themes: "401(k) Day Take Your 401(k) to the Max Program" and "401(k) Day Dress for Retirement." Retirement plan or financial education clients can work with their American Express account managers to determine the best mix of materials and themes. Educational approaches can incorporate PSCA's materials along with American Express enrollment kits, plan highlights and even educational seminar programs provided by American Express. The Profit Sharing/401(k) Council of America (PSCA) is a nonprofit association advocating increased retirement security through profit sharing, 401(k) and related defined contribution programs. For more information on PSCA, visit http://www.psca.org/. 401(k) and retirement plan education is a component of comprehensive financial education programs from American Express Retirement Services' Financial Education & Planning Services (FEPS) unit. FEPS delivers comprehensive financial education programs to organizations ranging from small businesses to Fortune 500 corporations. FEPS provides Web, phone, print and face-to-face education, guidance and advice to more than two million employees nationwide. For more information on Financial Education & Planning Services (FEPS), visit http://www.americanexpress.com/financialeducation. American Express Financial Advisors is one of the nation's leading financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against companies. It is part of American Express Financial Corporation, which currently owns or manages more than $238 billion in assets as of June 30, 2002. Through a network of more than 11,300 financial advisors and its online services, the company provides comprehensive, long-term financial planning and high quality financial products to more than 2.6 million clients throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . American Express Retirement Services, a service group of American Express Financial Advisors, is a provider of services for defined contribution and 401(k) plans with total combined assets of more than $31 billion and a participant base of more than 1.2 million as of December 31, 2001. For more information on American Express Retirement Services, visit http://www.americanexpress.com/sponsors. Registered investments and financial planning services are offered through American Express Financial Advisors Inc., Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer. Retirement plan and trust related services are offered through American Express Trust Company |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion