Amex Participant Site Revamped

April 10, 2002 (PLANSPONSOR.com) - Participants in retirement plans provided by American Express Retirement Services will now get to see their account assets portrayed in charts as part of a Web site revamping.

In addition to a more visual representation of account data, American Express notes that the new Workplace Retirement Account Web site features:

  • easier navigation with pull-down menus
  • a streamlined site structure with fewer pages
  • an account history view allowing participants to specify a data range for account activity. Participants can also filter and sort transactions by a variety of other criteria.
  • an account balance page that features a variety of new fund data, including ticker symbol, percentage of total balance, daily change in Net Asset Value, and performance against a benchmark.

The account history feature is available to plans on the new BlueStar service platform.

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SEC Looks Into JP Morgan Chase Bond Agency Practices

March 22, 2001 (PLANSPONSOR.com) - The Securities and Exchange Commission is investigating whether JP Morgan Chase's Institutional Trust Services group violated transfer agency recordkeeping or reporting regulations with its bond paying agency function.

JP Morgan Chase said it has since addressed the conditions from which the alleged violations originated, and that is in discussions with the SEC to resolve the investigation in a mutually acceptable manner.

A JP Morgan Chase spokesman said the investigation of possible violations stems from a prior investigation of a Chase Manhattan unit, according to Dow Jones.  The spokesman said the investigation was previously reported by Chase Manhattan prior to the merger with JP Morgan in December. 

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In its annual filing with the SEC, JP Morgan Chase also said the agency is also looking into whether JP Morgan Chase’s disclosure regarding the issues was adequate and timely. 

The Institutional Trust Services unit provides traditional corporate trust and related transaction management services, such as structured finance administration, international securities clearing, collateral management, settlement services and American depositary receipt services.

 – Nevin Adams        editors@plansponsor.com

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